Member Info for Angelis

Oil price at $91, expect Gold to move up as inflation gets higher.

Https://www.youtube.com/watch?v=xmRcGNvN1Zg

Https://www.youtube.com/watch?v=Upa2MIAPEy4

Chimers, https://www.youtube.com/watch?v=OQj1ZzVouys

Hi Chimers, In a nutshell they are about to announce the doubling of their Gold production.

Luciano, Not unexpected from me.

Https://www.youtube.com/watch?v=jVayEa25hsE

I think with high Oil prices now Gold will start to edge upwards.

BRICS+6 is all to do with Oil control too, as they buy cheap oil from Russia to use while they export their expensive Oil to the west and or re-sell.

Guvvi, Patience, Oil at $90.. Watch..

''How do you explain the big increase in inflation while oil was cheap?''

When?

Inflation rose when oil got expensive, like an immediate effect. I am not saying its either/or, i understand money printing is another factor, i am saying oil price is the primary reason for higher inflation.

..

- Higher oil prices contribute to inflation directly and by increasing the cost of inputs.

- There was a strong correlation between inflation and oil prices during the 1970s.

- Oil prices exert a greater influence on producer prices because of oil's role as a key input.

..

''The dollar can weaken for many reasons.''

Mainly because of Oil price increase. That is the main reason for inflation. Money printing is a slower secondary factor. High fuel costs have an immediate direct impact on an economy, high energy prices etc.

..

Gold isn't going vertical at the moment because ''they believe'' they have things under control, it wont last.

They will print more money and keep interest rates high to control inflation as oil prices stay high.

And why does the dollar weaken? that's right, high Inflation aka high oil prices.

Jammin,'' Inflation can have a major impact on gold prices. The demand for gold tends to increase during times of high inflation as investors seek out safe-haven assets. Similarly, weakened purchasing power due to interest rate hikes can drive up the demand for gold as a means of preserving wealth.''

LOL!

Oil price rising and Gold will follow. Rising oil price will increase inflation. Higher inflation = higher gold price.

And?

Https://www.youtube.com/watch?v=eWGa6nza_-o

Bonkers, Production??

''Hummingbird Resources plc (AIM: HUM) is pleased to provide updated Reserves and Resources Estimate Statements for the Company as at 31 December 2022. ''

What production?

(the action of making or manufacturing from components or raw materials, or the process of being so manufactured.)

Most don't buy at the bottom they buy at the top, that's why.