AI
This is what triggered KNTs' big run.....as well as all the others
We're up at 1700 now....
Much depends on the broad markets (whether they can hold up in here.....
For if THEY enter selloff mode I suspect so too might the golds (again)
Keeping an eye on the dollar as well....
Can't just go by the 9 month chart of Scotties.....
Went looking for a good long term chart of Vancouver (the CDNX) and came upon this feller..... https://nftrh.com/2020/06/12/gold-stock-correction-and-upcoming-opportunity/
Who writes :
The bottom line here is that if HUI does not exit its correction in the short-term it is still a candidate to correct to deeper levels. HUI does not have a gap at its second support area but the GDX ETF and XAU index do. Those may be meaningful. If we get such a pullback to the 38% or even better, the 50% Fib retrace level and world markets are caught in the grip of another significant correction, the indication will be to buy quality gold stocks*, and buy them hard.
Am just on the lookout for a minor pullback, that's all......(might NOT be the best time to be buying NAK / Scotties)
Think I might try following that guy a bit on Twitter - Perhaps even maybe subscribe if it makes sense
