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BTB,
I somewhat agree but what other options are there. Nothing lasts forever and some will come through this.
It’s in all likelihood short covering but how much legs this has remains to be seen.
My view is that the wider market pumping the last few days is actually just a result of record bearish bets being placed but’s let’s see.
silver squeeze incoming?
PMs will be irrelevant once SHTF. The people in charge have no intention of letting you own ANYTHING. What makes you think they won't confiscate (or at least outlaw) PMs?
Valuing PMs in fiat currencies will be irrelevant once the shtf.
well, every US Government over spends , you wont win votes unless you do ...Trump did the same ...on a lesser scale because of the COVID handouts of Biden
The Democrats are printing and spending on a scale never seen
Trillions ....
"Fighting inflation"
* Powell is fighting the US Government to get inflation down
" Governments love inflation as it reduces their debt burden and can even increase their tax take "
well the problem is Governments like the US constantly are over spending against their budget , even with higher tax intake..... their expenditure just grows and grows and grows-
In July 2022 with high inflation the US Government had $272 billion in receipts but $484 billion in spending.
The US Government creates inflation because it just wont stop overspending
Biden is fighting the US Government to get inflation down
Gold dropping is good as it gives those who know where this is going an opportunity to buy more.
Bingo.
Governments love inflation as it reduces their debt burden and can even increase their tax take
Who's lending at 2.5% when inflation is at 10%?
Who else but the serpent central banks.
I’m not sure I understand it all probably, but to me, how can inflation be at 10% when interest rates are at 3%,
In a world that ticks over on borrowed money, who will end up lending money, when it cost you so much, to do it….
Don’t make sense to me
Unless it’s a government scheme to pay their debt quicker
All in my opinion of course
Carve They will keep raising rates until they realise they are fighting a losing battle against inflation.Then they will go back to QE in a desperate bid to 'save' the economy.Then gold will have its day.Hold tight!
fres been moving sideways for while only good for trading now...
gold really need to go past 2000 to get this SP to move.
if not then trading continues
Interest expense up, labor costs up, energy costs up, every other cost up yet PMs stall and flounder. Something's gotta give in the next 6-12 months or we will see a number of miners (not FRES) go under.
that is what they say with high inlfation last year. I was in deep gold all through the year since last year. but still no movement up. currently, now I'm just trading with this gold not investing..,.
Astro, I feel the gold price in the short term will be tied to the pace of Fed's interest rate hikes or tone. Any sign of their economy cooling /recession deepening would be good for gold but any sign of more aggressive hikes would be bad.
look like the gold price dropped again down to 1700 before moving up.... 1800 not breaking