/biz/ - Business & Finance

>>1632300
It isnt gonna bounce. I would sell gold.

>>1635671
Persoanlly, if we look at the year long chart for JNUG, December is when shopping picks up and spending advances as much as it will throuhout the year. At the beginning of this year, JNUG was the lowest it had been in awhile, because it was coming OFF of the december spending spree, holiday food, trees, turkeys, travelling, etc. so the economy was ramped up as much as possible, and people were throwing their money into retail stocks, shipping stocks whatever, that why gold was so low starting the year off. But what happens after december? No real big ticket holidays for several months to come. I am now bearish on gold until after new years, as it seems like it will trend downward for the next month or so.