this sector is grossly overpriced especially with recent dollar move
gold is actually priced already 10% higher in nominal terms
just watch what happens to miners when gold pulls back 5-7%
considering how much oil is floating around and to come aboard as extraction costs will keep on going lower in years to come crude should trade between 30-40 at most.
there is very little demand change since price junmped from 26
its all banks speculating on recovery
people have been saying that since price was at 100s
you can still speculate about buyout but i pretty certain it won't happen from QCOM
there is a possibility due to election uncertainty overall market will drag AMBA lower
but that's just my 2 cents.
keep on buying fools :))))))
gartman is always a great signal to close your trades