Hi Goldbear77,
No it wasn't me. However the US equity markets are rolling over and the risk of the Quad Witching on the 18th Dec had a lot of people speculating that it would be a horror day. Markets held up just enough for the majority of the US$670m put options to expire worthless.
In saying that, a lot of the analysts that I read (and IMO they are a credible bunch), are saying that the bear market is upon us (data is very compelling) as the markets now simply have to acknowledge economic reality given the FED interest rate rise and forward guidance can no longer keep them in fantasy land.
Longer term this should be good for gold and those that mine it - about time !!
What happens in between now and then is what I worry about. Will it be a repeat of 2008 where everything is liquidated in favour of cash and USD if the market crashes, or, given the set up is different for gold / miners this time around will gold / miners immediately act counter-cyclically to the rest of the sector as the bear emerges??
Oh for a crystal ball !!
Cheers
John
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Hi Goldbear77, No it wasn't me. However the US equity markets...
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