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Its a lot of work clearing these decks but the stronger the base the more likely we are to have heavy pull backs as you see they try to accumulate morning. Gold price has done a healthy pull back and is still above the usuall fib re trace the shorts closing on gold last night caused the squeeze lucky for them getting out before we hit the next level of $2300.
I love the facts not fantasy or here say. I am amazed anyone has a negative view on any gold miner that has such a large gold and copper find and is about to go into production, with low oil and the highest ever spot gold price.
Your Honor I would base my case on the evidence produced by the facts I would say without fear of contadiction This is the best time to be invested in a Miner/ explorer thats about to go into production the defence will now rest .
"Exciting week for gold enthusiasts! The upward trend in gold prices has set the stage for potential gains in the mining sector. Keep an eye out for a significant move by the miners soon! In contrast, the GDX, the primary index for gold miners, may need a 100% surge to catch up with the soaring gold prices. 📈 Stay tuned for updates! #GoldPrices #Mining #Investing #GGP #GreatlandGold #MarketWatch"
A very important milestone in the price of gold happened yesterday with the all time monthly close above $2000 this has continued today and res is around the2080 mark . Healthy corrections are good as ggp has been doing that all week strengthens the base for the next leg up . It does look like we have consolidated enough for the next leg but It will probably take a few more trading days to get to the next level 12p is conservative for this year does looks more like 12.70 . have a nice weekend knowing what we have in the ground has increased by 60$ and ounce this week alone . Im not going to even try that calculation but if we go to production anywhere near that its a game changer $$$$$
Its a very orderly rise from Monday allowing the shorts to clear no sudden jump up means no sudden jump down its what II want from a share and the slower we rise the stronger the base . Its hard not to imagine our next RNS is not coming within days now and the end of the small numbers . looking forward to next week as gold has done as anticipated and is now closed the Nov at the highest monthly close . well done PMs and Miners its your turn next.
It's always good to see steady rises as it gives investors confidence that the volatility is done with . I'm looking at a
Gold at 2040 and silver $25 to confirm the new level for pm this day Miners will re rate on this news . In any case gold silver copper and nickel the green tech will always do well going onto the next period of the Energy revolution so ggp have 3 maybe more of the components in the basket .This also will help stabilze the company going forward into the multi billion company
That is the dream. Build it and they will come Sean.
Maybe take a day or two but it will clear ,im sure quite soon!! very large buys in over 11s so they will be held for teens . All going very well with a steady increase and it is controlled to allow the shorts to close as usual.
You have to understand you are pricing gold against currencys devaluating and close to the end of the line .Gold will becoe one of the new currencys or real money and be valued accordingly . The fact is Gold is in todays money that is being used is incredibly undervalued . Gold when the revaluation takes place could x 1000s against the fiat currencys once you understand the concept that paper money is endinging its reign you will relise how valuable gold is and will become . Its not unbelievable to imagine an onces of ounce of gold to be able to buy a new car or 10 ounces a house . Think about the printing of paper money that is about to continue across the Americas and the UK further devaluating the currency then imagine the purchasing power of real money Gold...
Clearing the decks nicely ,In a timely manner . The interesting part of all the buying at the min is that miners are still not being bought at the pace they should be . But as confidence grows that we are at a new level for PM s and across the market re rate should see additional investment in producers . I think we will see a minimum of 50% increase in Maj miners in the jnrs it could be a lot more .
Nice to see the buyers are here at this range they will hold to the teens most of them perfect storm with gold holding this area for longer, a re valuation will have to be concidered as the long term gold price is holding well above the average now, that was previously used as a paremeter for the gold price . Traders may not have got back in after a very busy weekend de ramping .... Now it will cost more ....
Https://www.royalmint.com/gold-price/ Breaking higher $2010 This is what i expected next month so im thinking we could see all time highs on Gold . I would imagint the traders will try to get back in on Monday and the shorters out good luck.