Loading ...It bottomed at 1424–but instead of being down 10 or 20 smackers as I write, it is strongly bid and 11 spondulaks off that low at 1435 up $17.50…do u realize what a sea change tha is??–not only in golds resililience but in the intra-day price swings….just. a few weeks ago it was in a coma…
As for the sell off in the HUI/Pm stocks/ETFs–some say it’s done with algos at the FED/bullion bank trading. desks–but putting. that aside…I see it as the normal process of. working off the high RSI/overbought. conditions…
JNUG down at 12 bucks while gold was up 16$s was. a strongh R640. buy signal-I was out and missed it–JNUG bottomed. at 11.97. and has come back. strong–at 12.41 now
If the HUI can end the day near even or up…that would be quite. a sensational day…that’s how it is now, hopefully gold won’t get. SLAMMED this afternoon…that threat is still present.
One good sign:
My smelly ole NGD is launching=up. 10.2 cent [+12.5%] @ 92.5 cent-just a hop skip and a jump from my 400 Aug one dollar strike calls I paid 5 cent for–last trade on those was 12 cent on double the daily avg volume