Adrian Day: US$2,500 Gold? Pullback Would be "Healthy," Reasons to Buy Remain

[@InvestingNews]

❓ Is a pullback to US$2,500 in the cards for gold? Tell us in the comments!

[@fratkurt4066]

i dont think so. demand is strong

[@Darrin-h9f]

I like to listen to Adrian Day. Brings it back to the safer vehicles in the gold sector.

[@Diatom1k]

Likely yes. Sell or hold thru it

[@mattivation_inc.]

If it goes down close to $2.5K USD I might buy a bit extra. Otherwise I’ll keep doing my usual DCA of buying some gold with my Xmas bonus. Buying for retirement purposes in 10 years so I’m generally focussing on the long term price (10-20 years).

[@theodoroseidler7072]

I expect both Barrick and Newmont to improve a great deal. Newmont is selling (and selling well) it's redundant assets, paying debt, doing share buybacks at a price that makes sense and distributing dividends. Has a partnership with Barrick going in the Nevada assets to reduce costs. I see no reason to think it will not improve. But what caught my eye with Newmont and Pan American was the AISC for the mines in the US and Canada.

[@stevechilcoat2353]

Gold should probably be at 7000 by now. Maybe it will go down some, but than it rocket forward.

[@NazarioFitness]

It still costs ~$1700 to mine and refine. Energy is still fairly cheap

[@INTERNETVID]

A significant pullback is probable. If it drops to $2500 I won't buy because I'll be waiting for $2450. Then when it rises again to $2550 I still won't buy because I'll feel as if I'm overpaying.

[@NazarioFitness]

Can pull back to $23-2400 if there’s a sell everything frenzy for liquidity reasons. Wouldn’t last longer than a couple weeks imo

[@TheWealthandhealth]

When everyone is talking about a pull back that when you buy now

[@zezelee77]

why healthy? for what? for banks to buy more probably

[@wisencareful4645]

This guy changes his mind & position more than the weather…. No fiscal value info here … very Vanilla

[@ghgggbhbhb3979]

FED = Pied Pipper