I'm being a little skeptical of this rally. Sold of some of my position in Kinross at $25.90, I have a feeling we could still go lower. I just don't think yesterday was a V and that we will go much higher than these levels without shaking out some more weak hands.
I agree Peter. I'm thinking we are going to see a Friday market sell off and I think gold and gold stocks will head downward with it. I think its a false V and we'll dip again finding a floor somewhere in the neighborhood of $950. I'll be surprised if we dip much below that though.
Good Morning all.
ReplyDeleteI'm being a little skeptical of this rally. Sold of some of my position in Kinross at $25.90, I have a feeling we could still go lower. I just don't think yesterday was a V and that we will go much higher than these levels without shaking out some more weak hands.
What are your thoughts?
I agree Peter. I'm thinking we are going to see a Friday market sell off and I think gold and gold stocks will head downward with it. I think its a false V and we'll dip again finding a floor somewhere in the neighborhood of $950. I'll be surprised if we dip much below that though.
ReplyDelete