Q: Now that there seems to be a Trump put somewhat in place (perhaps). With a tad of uncertainty off the table do you think its time to take some profit on AEM off the table.
Its about 35% above its 200 dma and its RSI is
overbought.
Your counsel on this please?
Sheldon
Its about 35% above its 200 dma and its RSI is
overbought.
Your counsel on this please?
Sheldon
5i Research Answer:
Gold hit an all-time high less than a week ago, and is consolidating somewhat. We would monitor sector and position sizes but would not see AEM as an outright SELL. Momentum and growth remain strong. If there is tariff relief interest rates could move lower (less inflation) and this would be positive for gold.