I trade gold stocks, but follow cash gold daily. Saying so, that was an idea that "soon" didn't follow the "path", even though the target (later) was close...but no cigar. I´m bearish on the short term on gold...meaning weeks (6 weeks or so) for consolidation. I do not have any target right now. I only invest in gold stocks and derivatives (JUST, JNUG). I´m also very bullish on gold for the future (years) ahead. But things doesn't rise straight to heaven and they need a rest. Gold has made a tremendous effort. It went directly to hell in a few days back in March, and surge with a lot of energy, telling everybody....I´m back. So did gold stocks. The Fiesta is going to last long, and this is the First Bull, a very "toro bravo" than enter in "Las Ventas" back in October 2018. I believe the Fiesta needs a rest, and then in a few months it will resume with another Torito Bravo. Lest see. That's my point. All those who are saying that gold is going back to 1.000 $ and so,...have no clue. Period. Sorry for being so arrogant, but that's is who I feel, and it´s not only a felling, there are serious market signals that are telling that a bull for years is going on. I could be right, i could be wrong. The future will tell.
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.