PGO 3.57% 8.7¢ pacgold limited

Imo They are tumbling because of a possible short term drop...

  1. 2,254 Posts.
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    Imo They are tumbling because of a possible short term drop coming in the gp.
    As much as I scratch my head and wonder why, it looks like it will take place as you would have seen through the night.
    I had been hopeful of a consistent increase from these levels but for anyone with dry powder it may prove to be good timing for a top up.
    Usually May will see a good correction in equities but can start around April so I think this  ( current drop in gp ) will be short lived as I see the gp moving in the opposite direction at that time.
    I also thought the uptick last Friday night, just before the weekend was rather bullish but, Gold tends to do that.
    Must say that trade @1ForDaMoney did in the last hour of trade was very bold to say the least and would  have prove fruitful for him.
    Kind regards, W
    Last edited by Wack: 07/03/17
 
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