tell the dang asians to get back to work and buy. ABX had a good Q and it's going to get wiped out today. GG up due to earnings. We should have held 33. guess next week like some poster said, once they get asia going, gold goes up, abx rises to 34-35 on that.
Don't you read the news? Some very large billionaire investors trimmed half of their GLD positions at start of Q/4. Then they wait and buy back in. One very large GLD investor held his position. It's a profit taking period. They will all jump back in just wait. Gold miners are beaten up, if you are trading then you will get taken, but ABX here is a buy today on this drop, it's low volume today, will hit $33.60 next week easy. Relax.
I loaded up at 32 today. what a mistake. next week gold goes up 75 bucks and abx over 33. this can't last long with earnings yesterday. geez, we were 33.36 HOD and now down 2 bucks from that? who is selling?