RE: FRES holding up very well tbh14 Jun 2021 13:24
I heard in USA actual price you pay over the counter is not the same as the spot price on the market. People pay more and supply is low. Since USA government and banks are trying to buy up as much gold as possble.
This summer is normal unfortunately really depends on the USA how they want the dollar to move. They pump so much money into the market. I can't see them want the dollar to drop more and let gold gain. Russain and Chinese eyeing this. they can't wait for the dollar drop. Russia said holds more gold than the dollar in the reserves. So i can't see usa let gold price move above 1900 for this short period of time(they time buying up the gold themselves for the cheap price in case the dollar does crash)
2 things happen now. Comex behind paper golds want to keep gold price low and also the USA government and western government wants gold price low(they don't want the dollar to lose any value. you can see why Russian and Chinese buy as much gold as possible to kill the dollar off the USA keeping the price down, The highest inflation reported last Friday and golds still drop. all the text box theory drop into the fire.
i was hoping to withdraw from shares to wait for the big correction looks like fresnillo and polymental SP i have keep a long while now....
People hopes shorting finish price rise didn't. Next inflation increased price rise hope didn't happen. Until gold ride above 1900 just so not moving anyway. As said before gold and silver is more liking horse betting. Forget the fundamental regard inflation the government will never let the gold and silver increase.