this #$%$ can actually be rather "tame" by staying in a fairly tight trading range, eh? LOL
Not if the run takes place much later on during the year. Be reminded of the "lovely" decay factor in trading this #$%$ , right? LOL
We'll get 'em next week, dude! I believe Bernanke speaks on Wednesday of next week. If he "paints" a certain picture of the economy that suggests QE is to continue well into next year, that could be THE catalyst to get spot gold rallying back up in the near-term. I'm hoping that it could (at least) make it back to the mid-1,500's by the favorable-for-gold 3rd quarter.
Still holding my shares in NUGT, but don't be overly shocked to see otherwise. The "powers that be" can care less, as we gaze at the current environment, right?
for the institutions to continue to sell gold and silver, while rallying many overbought equities that are "seemingly" immune to such an environment! Wall Street manipulation at its finest! LOL
I'm just glad that I avoided much of that disastrous 2-day drop back in April! Had been successfully scalping this #$%$ for months prior to the R/S, and then...
Didn't realize this co. having such an impressive reserve. I mean, it seems that they really do have reserves greater than Newmont. Believe they already have a close partnership with one of the largest gold miners in Australia, so that could very well be their suitor, btw. With such vast amounts of gold reserves, this could legitimately be sold for much greater than the current 52-week high.
Have no clue, but do know that they're due to report on tomorrow. Maybe a leak??? If it stays red, I'll certainly be glad that I sold this #$%$ a couple of days!