GOLDCORP, INC [GG]
Based on the above chart, the current price has reached its 200-day average. Also, the RSI has risen quite high. I would not buy at this level.
Also, please review Hussman's posts of:
January 16, 2017 titled Cassandra's Song
https://www.hussmanfunds.com/wmc/wmc170116.htm
and then his warning of January 23, 2017 titled Rare Signatures
https://www.hussmanfunds.com/wmc/wmc170123.htm
I believe that the markets will top later this year and investors will protect themselves by even selling precious metals. After a steep market decline, investors will rush back into precious metals again. That is my gut feel.
sumisu
Based on the above chart, the current price has reached its 200-day average. Also, the RSI has risen quite high. I would not buy at this level.
Also, please review Hussman's posts of:
January 16, 2017 titled Cassandra's Song
https://www.hussmanfunds.com/wmc/wmc170116.htm
and then his warning of January 23, 2017 titled Rare Signatures
https://www.hussmanfunds.com/wmc/wmc170123.htm
I believe that the markets will top later this year and investors will protect themselves by even selling precious metals. After a steep market decline, investors will rush back into precious metals again. That is my gut feel.
sumisu
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