Replying to @highhand:Agreed in many counts, but the first one. It's speculation when it's on the markets and we bet its price goes up and down, but it also has a very particular property....store of value when all others goes to hell. In a reset, which has happened repeatedly over millenia, gold won't make u rich//@highhand:maybe. why not? but gold is speculative asset. there's no intrinsic value nor does it grow in value organically like a company... that's not to say it will not increase in value, but it's definitely more volatile and not necessarily correlated to a weak USD every time.
Replying to @zippyzo:Interesting, thanks for the comment//@zippyzo:Starting from the $1600 low, $GOLD has rallied around 20-22% per wave, with typical 6-8% pullbacks. In the current wave, we’re already up 22%, signaling a possible pullback to the $2600 area.
I don't think it will hold the full 50% by the closing... But this is what I have been saying. IF Gold and Silver stay up there...any news will make the explorers POP. IF they continue going up...it will be crazy
$ARGENT MINERALS LTD(ARD.AU)$ , some 80 % potential to the upside...looking good FINALLY... but still a penny stock. Can go wrong easily, very wrong, very easy
$VanEck Junior Gold Miners ETF(GDXJ)$ Has anyone noticed how the ASX free trade cards have gone up from 999 points to....20,000! Is this a sign of what is to come there?