Which way? A Gold Timing exercise
- Thread starter themickey
- Start date
I sold two positions today ( fully recovered losses ) plus a successful day trade. Down to two juniors I don't mind just holding longer term.
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Could well be, I'm seeing huge volumes on ASX today gold stocks.
Besides that, today one of my better days for months although the past 8 odd days I've had only 1 losing day. (touch wood, just lucky).
I may have mentioned previously, when a strong asx gold day, it makes a large impact on my bottom line.
These days, Joe public are only interested in NGU investments (Number Goes Up). Hence the craze for crypto, tech and meme stocks. They'll buy anything which offers the chance to get rich quick.
If gold, and especially silver which is a tiny market, ever get perceived as NGU then the sky could be the limit. However, it will take a convincing, sustained rally for there to be any chance of this happening.
If gold, and especially silver which is a tiny market, ever get perceived as NGU then the sky could be the limit. However, it will take a convincing, sustained rally for there to be any chance of this happening.
I suspect this will be crunch year. Either the bull market resumes within the next few months, or we could be slipping into another bear market.