Gold Price Sentiment Is Comparable To Near Death- Source – Kitco News (5/13/2019)

A good analogy to describe the gold price cycle is to use a coffin, said Chris Mancini, analyst at Gabelli Gold Funds. “I think that in terms of the sentiment within the gold market and the gold mining market is that we’ve had a few near death experiences, in terms of being put in the grave. So when gold went down to $1,050, for the gold mining sector, that was one step above the bottom of the grave,” Mancini told Kitco News on the sidelines of the Mines and Money New York conference.