When Is Gold Ever Going To Breakout?
In this interview, Jordan Roy-Byrne talks about an article he posted here.
Gold and gold mining stocks have been going sideways all year now and people have forgotten about them and do not care about them. It will take a key rally through $25.50 on the GDX to make people want to buy as now all that matters to people in the markets is pure price action. They need to see rising prices to want to buy. So when is this ever going to happen? I talked about that big question with Jordan.
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Now that Bitcoin is near $10,000, I hardly ever hear anyone mention gold/silver and the mining stocks anymore. I think people sold their gold in order to fund their brand new Coinbase accounts.
I've been thinking the same thing. I almost bought #Bitcoin at $300 but thought it was a bubble and would disappear like most fads after the first big hack. I still feel that way but wish I had bought.
I agree with you, Carl. Bubble or not, I certainly wish I had bought back then.