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Thanks TR that’s exactly what I wanted to know….I have a family member invested in Primero….thoughts? ppp/p.to it’s probably the most profitable and successful jr gold miner with a p/e of 4.5
per expected returns blog:
It appears the next couple of months will be very interesting for gold. After temporarily touching $1700 earlier today, gold has backed off a bit. Nonetheless, this is the most strength we’ve seen in gold in quite some time. Gold has pretty much done nothing for a year, so you can be sure this rally is going to catch people by surprise.
The next battle should come at $1700 because a) it’s a round number, and b) it happens to be a level of resistance. If gold can get past $1700, the next critical level is between $1760 and $1770. If gold can breach those levels, I expect to see new highs in the $2,000 area. Gold is about to break out of its multi-month range, and this is very bullish.
Investing is all about patience. Trades can cost you money in the short-term, but in a bull market, all timing mistakes are always forgiven. Buckle your seat belts because gold is trading as if it is going to rally very soon.
Disclaimer: 1. This newsletter is for informational purposes only. I am not a registered investment advisor and I am not responsible for any actions taken by subscribers.