I know (just yesterday) I said I would make no more complaint about forward sales ---- but can I be allowed to comment.
That chart may or may not be a fair guess of what the future holds ---- but it is also typical of price projections of all the large main stream finance houses.
I will be shocked and surprised if this is it for the Bullion price ---- and I am not talking weeks or months here.
Events are too similar to the 1960's and 70's ---- and importantly their has been no blow off top to signal the end of the bull market ---- since 1999 ? 2001 their has been a steady as she goes bull market in bullion with some quite worrying corrections along the way --- this is just another, in my humble opinion.
Fundamentally gold prices should continue to rise.
Technically this is very much a correction in an on going bull market.
So forward sell if we must --- but with great caution
As for EVG --- buy sell ratio looking much better --- but what is this magic 6.6 figure ---- I cannot see that holding much longer.
Regards ?....... Jim.
EVG Price at posting:
6.6¢ Sentiment: None Disclosure: Held
