DUSTers shouldn't be so pig headed!!! Gold is in a bull run!! Financial system of many countries will collapse soon!! I wouldn't be surprised if we see 1500 plus gold by the end of year.
For a long time the DUSTers were right but some thing changed and we had several large violent up days and didn't follow the usual sell off that gave it back the next day or 2. Now the GOLD Bull is back on!!!
True but most miners took a 70-80% haircut. It's all baked in. Rising Gold Prices can only help these companies. If they didn't have so much debt most would be double or triple the price. They are catching a break here as the world monetary system will implode and gold will be preferred.
Just curious what is going on anywhere in the economy that would be favorable to gold going down from here. You might get a small profit taking down day or a correction but gold is going up from here. The 3-4 year bear market for gold is over. JNUG and DUST are awful trades right now!! You need a 3% GDP number for those to be back in play. Economic reports look ugly, earnings are way down. Time to turn this car around and join the bulls!!!
I give grm a lot of credit for being a NUGT bear for so long and being right a lot of the time but he has to know that something is fundamentally different here. If he is stubborn and he sticks with his call he's gonna get slaughtered. THe way things are going we might see GOLD at 1500 in a month.
What is Yellen going to say that will make gold go down? Street doesn't believe her anymore. Betting that gold will go down is a dangerous game right here!!
Up 21, 16 and a -9 to 16% move doesn't say something is different. We didn't have monster moves like these during the gold bear period. ! Problem is in the last 3 years the market was going up and there were a lot more attractive options and people sold gold based assets. With the market going down and the world economy falling apart, gold is beginning to find its footing. GRM you have been right for a longtime, but got a feeling you are not here.
NUGT has been up 21% and 16% the last 2 days. Today it went from 9% down to 6% up at this moment. 3 monster moves. Something has changed. Gold Bears are not in charge anymore!!!