everyone is expecting a break down. way overblown. the dollar index is in a very bearish technical position as of now 79.25 (off 79 low) and now metals and miners are oversold! perfect condition for a gold/miners rally. this sell off shook out the weak hands and NOW is the time to buy metals/miners. the dollar index will break down and the euro (obviously) will head higher after months of speculation against the currency. its the dollar's turn to tank. and gold will head to 1600 before years end. and miners will make mad money when gold is that high.
GO PCFG long GO!!!!
gold break out on these next legs up. gold will break through 1430 with force this time around. gold already back to yesterdays levels! lol
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.