Loading ...I remember not so long ago there were so many bearish posts [not on this forum but another I monitor] talking about 600 to 800 gold? One poster said he was expecting a “come to Jesus” moment for gold bulls and the miners to be utterly crushed before a final bottom? Well, I can recall 4 or 5 times over the past 4 yrs when the same calls for 600-800 gold were confidently and widely predicted there…and gold DID peer into the abyss but never tumbled down…so, I ask you, is there a good floor in gold now, around the 1030-1050 area? Is 600-800 gold off the table?
All bounces in gold–like this current one–over the past 4 yrs, have looked ragged and divergent…but major bottoms always look that way…and shut out the faithful gold bulls who have been patiently waiting… I am just as perplexed as anyone is…I want to give gold the benefit of the doubt but this rally has looked so tentative…
Any hardy souls taking a stab here at DUST before the jobs report? The action in silver is pathetic…