KitKat : I don't dispute that. I, too, have also learned to be very wary of being bullish on PMs having been wrong so many times previously. But, seeing XAU up on a few days during the past week when everything else was down indicates to me that confidence is definitely building up in gold shares. It could be different this time ---- if you excuse the cliche.
Admittedly, the long-term resistance trend-lines on gold and XAU have still to be penetrated and, in the circumstances, I recognise that my optimism could be premature. But, it is not unfounded.
It is not everyday that a major investment fund, run by the creme-de-la-creme of the financial world, goes bang for $4 billion. The repercussions HAVE to be very serious. There HAS to be a serious loss of confidence in the now-traditional means of investment --- shares, derivatives, funds etc.
So, where do people put their money?! |
