Long Gold
Updated
My favourite asset so far. Macro context is very supportive for higher prices (money printing, political instability, health and economic crisis...)
My only two doubts are how high it will go and how long it will take.
My estimates are 1900 in August and potential pullback to 1750$ in September (in case we have a vaccine).
On any pullback, load the truck.
My only two doubts are how high it will go and how long it will take.
My estimates are 1900 in August and potential pullback to 1750$ in September (in case we have a vaccine).
On any pullback, load the truck.
Comment
Going parabolic, much better than expected. I think it will pull back at 2100$ and rest for a few months.Same as gold miners. Buy at every dip or consolidation. Dont expect more than a 5-10% pullback.
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