I am selling half my trade into the Consumer number this morning with golf now touching 520 an ounce. My cost basis is getting lower and lower and the fundmantals of gold look better and better. Good bull market bounce of $490. Was a little early at an average of $505, but could see 530 tomorrow.
My post on December 14th was as follows
Gold Dips briefly below 500
Sometimes, the markets can hand you money. I think this is one of those moments. A $40 sharp pullback in Gold, entrenched in a bull market is a time to buy.
Let’s see where Gold settles in the next few days