So this means you think won't go lower than the juni/2013 and december/2013 lows... So you'd buy a fair amount right now or do we have to wait (prudently) for some kind of confirmation the trend is up again?
djeezes Toby, if this all comes true you'll have the most excellent trackrecord on timing the market... when everyone was becoming ultra-bearish and calling gold@1100 you might have spotted the bottom... time will tell, but right now odds seem to be in your favour... keep up the good work man!
I can see a bounce to 1280 ish area maybe. But not a resumption of the gold bull...yet. Deflation is still too powerful. In addition the charts point to more downward pressure for gold. It will likely test 1000 or below it. Knowing you though, I bet you see that 1280 area and take some profits there as well.
So this means you think won't go lower than the juni/2013 and december/2013 lows... So you'd buy a fair amount right now or do we have to wait (prudently) for some kind of confirmation the trend is up again?
ReplyDeleteI'm buying full positions and putting a stop right below the recent low at $1240.
ReplyDeletesounds good, thanx for the info
Deletedjeezes Toby, if this all comes true you'll have the most excellent trackrecord on timing the market... when everyone was becoming ultra-bearish and calling gold@1100 you might have spotted the bottom... time will tell, but right now odds seem to be in your favour... keep up the good work man!
DeleteThat is a very ballsy call. The bottom? I am stunned. I daren't look at the miners. I look forward to your online thoughts later on today.
ReplyDeleteI can see a bounce to 1280 ish area maybe. But not a resumption of the gold bull...yet. Deflation is still too powerful. In addition the charts point to more downward pressure for gold. It will likely test 1000 or below it. Knowing you though, I bet you see that 1280 area and take some profits there as well.
ReplyDeleteDid you see what stocks did today? That is about as far away from deflation as it's possible to get.
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