Dr DT
OP
NoFun
:
I bought gold miners are just for technical rebound as price of gold fell from high of 2800 straight down to 2535. Now gold price had bounce back to 2700 in just 7 days, I believe gold price will continue to correct down. I expect gold price to correct down to around 2200 then we may see the next cycle of multi year bull run. So can buy back the gold miners at cheaper price later. Also people may start to sell gold and switch to Bitcoin as Bitcoin surpasses 100K and also equity markets as S&P may go up to 6100 to 6200. Just my own opinion and analysis.
NoFun : You bought gold miners for long n u sold it and now reverse ? Hmmm what catalyst do you thnk its gonna go dow
Dr DT OP NoFun : I bought gold miners are just for technical rebound as price of gold fell from high of 2800 straight down to 2535. Now gold price had bounce back to 2700 in just 7 days, I believe gold price will continue to correct down. I expect gold price to correct down to around 2200 then we may see the next cycle of multi year bull run. So can buy back the gold miners at cheaper price later. Also people may start to sell gold and switch to Bitcoin as Bitcoin surpasses 100K and also equity markets as S&P may go up to 6100 to 6200. Just my own opinion and analysis.