Gold is getting awfully close to knocking on the door of $1,400/oz. Today, after the Fed FOMC meeting, gold started it’s next leg up breaking through heavy resistance around ~$1,350/oz range… Surprisingly (or not), the yellow metal managed to rise up and above $1,380/oz (briefly), but has since lost some steam and is cooling off a bit…
We’ll see what tomorrow brings, but like I’ve been saying, anytime
When it comes to mining stocks, getting involved and dabbling in early stage exploration companies is extremely risky business. Unless you’re a skilled geo, got geo buddies who know their shit and can help you better gauge risk vs. reward (to see if it’s favorable at all), really, as a retail speculator you’re going to not only have to commit a tonne of time/bandwidth/energy towards conducting proper (concentrated) research, but also masterfully time your entry and exit points (good luck, you’ll need lots of it!).
As someone who previously had relatively good success in the past messing around in this