Long term trend doesn't look good. AMC will bleed to death by a thousand cuts in 2021.
AMC's bond is trading at $30 for $100, same level as Hertz, another bankrupted stock.
No short squeeze recovery, just dead cat bounce. The down trend before the GM news will continues. Let's see whether it will breaks through the $29 support floor.
Don't worry about any short term up or down in the gold price.
We are still in the middle of a bull gold super cycle.
Too bad that tradingview's chart only goes back as far as 2011.
See the chart of gold starting from 1971 and the pattern is very obvious.
Just buy and hold it for a few years.
