This is not rocket science.
When the stock market crashes, the people who bought physical gold and gold stocks as a hedge will cash them in to cover their loses. Gold is going down short term - soon. *
We’ve been through this before. When gold falls, and it will, buy in at $950. I’m looking at buying around mid-January.
* (The above advice is the ravings of a lunatic. Do not believe anything he says. So do your own damn due diligence and may you not jump out a window taller than 4 feet off the ground.)
The game has changed dramatically in the last few months. First China annouced they had completed secret aquisitions of mucho oro. Then India bought a big chunk at $1045. If these two powerehouses are swapping dollars for gold there is nothing that is going to allow it to go back to $950. India will buy again if it gets to $1045 or thereabouts again.