HORSEPLOP.COM
General Category => The O.T. => Topic started by: Dingus on April 15, 2024, 06:04:15 PM
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Gold up to $2400/oz, yet gold stocks still below where they were last May when gold was at $2000.
What gives?
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3 days since I posted this and not a single response. Guess it’s not controversial enough.
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The fact that all the so called "experts" who guaranteed rate cuts starting late last year and assuring several rate cuts more in 2024, are not going to happen--means the price of an oz of gold will come down
its already closer to $2300 in less than a week and looks to plummet even more
getting 6-7% on bonds looks better than gold-which earns nothing
I am not sure why these experts were calling for rate cuts to begin with is mindboggling
corporate greed will assure inflation will still be 3-4% YOY-which means expect another rate hike later this year
I assume they tell equity holders what they want to hear instead of the truth
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3 days since I posted this and not a single response. Guess it’s not controversial enough.
99% of people on this site could give a crap about the price of gold. We have no interest in satisfying your ego because you may have made some money investing in gold. Take your topic to some other site who will share your interests.