Fair comment, I actually agree on gold recently I was looking for $1122 to hold it bounced off of there and that was big signal to buy over sold producers for trade, I was actually thinking take profits at $1772, I was surprised it touched $1200 it has definitely over run in the short term though, producers I now won't touch that bounce is done.
The PPI and CPI numbers are going to remind everyone soon rate rises are probably still on the table, I am looking at a $1172 hold on the retrace short term, between now and March when results will start to trickle for AQI I see gold moving mostly sideways, wild cards to the upside are European elections, the possibility USD and gold might rise together, trump post- inauguration panic as he does who knows what???
I am not really looking at AQI in terms of gold price though I am more focused on exploration value creation through drilling, this one geologically speaking has alot of smart people I know very excited, the register is also very tightly held right now, I bought alot of stock sold at 17/18/19 cents and will continue to do so, you might get bit cheaper than today, but not in any kind of volume.
AQI Price at posting:
21.5¢ Sentiment: None Disclosure: Held
