Member Info for deepjoy

Dark - "The dollar is crazy high and no one knows why except to stop the price of PMs shooting up" ? the reason the dollar is high is because the Fed is talking tough on interest rates rises whilst all other major central banks are far more cautious. People on FX are buying the dollar as they have the conviction that interest rate rises can be sustained without causing a recession. That is the bull case against almost every other global currency alongside it being a safe haven reserve currency.

How long that last is another thing and I don't rule the $ even obtaining near parity with the £. The good thing about that is the FX vs Spot price doesnt really matter as they probably cancel each other out which ever way it goes. My physical gold holding from 2016 is doing well - no hurry it comes out in the wash as they say.

Andrew McGuire is a conspiracy theorist and just a little nutty. God loves British eccentrics :)

Slater - you have spent about 20 posts stating your case over and over again.. repeating yourself does nothing other than perhaps feed a need to be acknowledged. So.. there you go you have been heard even if I don't listen, so be a good chap and take your superiority complex to someone who can actually reach out and hopefully plant one on you. have a nice weekend. :)

Top post that Swamp !! fair play :)

A fool and his money !! - just sayin

You would be stupid to buy this share!! it is that plain and simple. the company is owned by the debt holders not the share holders !!

you were all warning about a 'non legally binding undertaking' If there is a blood bath I do feel sorry for holders here but the facts were there to see besides all the ramping garbage over the past ten days. the question of the bonds and finance was always goign to the killer one. anyone who doesn't realise that business is brutal and promises mean nothing should not be investing! GL

that is what I am counting on Boo :)

I think the weakness is spot is purely down to the speculation that the Fed will have to hike rates next month by 75 basis points. This expectation with the high inflation rate is causing massive strength in the dollar at the moment. However given the evidence of recession people are taking bonds hence the yield falling...for now because I personally don't believe that the FED could do it.

Well alongside my other producers I keep adding little by little

I am intrigued by you Slater you only post negative sentiment on a host of companies on here to do with PMs. Like I said for every bear there is a bull and I am loading up nicely thanks. Just to reassure you I have a high % cash but it will trickle in as these trickle down ( if they do).

re gold mirror etc - it was the Macd and price action I was referring to; but you already know that.

it mirrors the movement in the spot price and you know it.

Hence why it will be the best performing asset this year. we will have to wait and see :)

That is a silly comparison. Gold price is 8% higher than before the pandemic hit,, and historically it has held its purchasing power since the late nineteenth century. You could buy a suit and stay at the waldorf in NY for an once of gold in 1920 and you can do the same today. That is a store of value whereas if the held £ or $ savings you would be wiped out. There is no factual comparison over time that compares and crypto is not held by Central banks and, to date is only a speculative asset. Gold reserves are very very low and if the price of gold falls too much exploration investment will stop and companies may even cease production ramps. A classic perfect storm for gold to continue onwards as it has through history. Don't look at gold in months or years but decades; this decade is another example of a re-rate which will happen over time.

Also less that 1% of americans hold gold assets in their portfolio. The good times are over stateside and gold will re-rate in time as it did in 2009. Patience is the name of the game.

Slater... the analysis of gold as a store of value is historic and given that Central banks all hold it as part of their reserves cement it's place in the financial system. Gold is not a speculative asset it is a store of value. Given this premise, it stands to reason that when there is a negative real interest rate of 6% on the UST bills and 24% more fiat in circulation that the price of a fixed asset will re-rate. The problem you have is that you see the timeline as short whereas gold is a longer term asset class. It will out perform this year because it will hold value far better than any other asset class, that does not mean it will rise but it wont fall as much. GL

which is why Gold is going to be the best performing asset this year.

is that a 15 min chart? looks suspiciously like it

I'm not complaining added more

clin... you are just rude and obsessed with your own view. Ignorant and arrogant.

ahmen to that Bond. The spot price needs to stay above 1800 this year that is essential in my book. The rest will take care of itself.