Loading ...This is a comment from one of Armstrongs posts on timing. Now that it’s out will probably get more volatile. That doesn’t mean all gold stocks will head down, some are just chugging along. Kirkland kL for instance doing really good, pullbacks but never looked back.
Armstrong resistance right on or about most GBs but what he said after.
Armstrong:
Take gold. Here too the line the model drew was 1362 on a monthly level and 1341 on a quarterly. Gold would crash at the end of every quarter to avoid a buy signal. Likewise, it just could not get through the 1362 number. This also confirmed the position with the dollar that was reflected in the Euro.