Hycroft Mining Holding Corp (HYMC): “A very typical, normal pullback would b...

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Re: JohnCM post# 2460

Saturday, 11/01/2014 1:13:34 PM

Saturday, November 01, 2014 1:13:34 PM

“A very typical, normal pullback would be about the 50 percent retracement,” said Gordon, a CNBC contributor. That puts Gordon’s target at about $700 an ounce, coinciding with gold’s 2008 bottom.
“We have significantly lower to go,” he said.

http://finance.yahoo.com/blogs/talking-numbers/this-chart-will-scare-gold-bugs-221806754.html

A nation of sheep will beget a government of wolves. — Edward R. Murrow

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