Why are gold stocks so depressed in recent months? What about the market outlook?
The downturn in gold is related to the current dollar. With some problems in Europe, the investment value of the pound and the euro has been questioned, and the dollar has shown extraordinary temperament. In fact, the American economy is not much better than there, and it may be worse than Europe. Therefore, it is difficult for gold to break through the recent period. Graphically, gold is consolidating, but how can it not go well in the future? I said it depends on Europe's ability and time to deal with its own problems, and secondly on the market's attitude towards the dollar.