Well, we’re back after a week away in Cornwall UK. We have kept in touch with the gold price whilst we were away and see that we haven’t been missing much!
We suppose that the current lack of volatility makes sense. The price chasers that bought in to gold in the $1,900s probably sold out in the $1,700 – $1,800 area and are currently sitting out on the sidelines waiting to see what happens. Those of us that bought at much lower levels (and operate a buy weakness, sell strength mechanism) have already invested what we want to at this price level and will not be trading until price changes significantly.
We still feel that our favourite gold stocks are significantly on sale and so are continuing to accumulate at these levels.