tb1964

Closing in on a bottom!

Long
NYSE:AUY   None
In my opinion, we are closing in on a bottom. $5.68 if it gets that low is a great place to add, in my opinion, though I respect some of you have your own opinions. I'm long here and everything looks to be coming together. Gold has been consolidating, beautiful cup and handle pattern forming in gold, were closing in on the second-worst month in golds trading season and more stimulus without a doubt is on the come bringing the total deficit to a nice neat figure around 5 trillion. That's 15% of GDP! The long term trend in gold and select miners is without a doubt heading higher. With that said, nothing travels in a straight line, and picking tops and bottoms is a risky business. Good luck to us all! Just my personal thoughts
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.