RE: Most Manipulated Stock on the LSE7 May 2022 14:30
“and Gold goes back to $2000 range “ hmm…. Yes Gold rose on Friday but fell for the 3rd straight week ,why….well it’s a non-yielding bullion and historically partly relied on increased Interest Rates to propel the Dollar higher and thus the Gold price, in which its priced. Problem for Gold is that there are far more sophisticated investment plays around than just buying yo-yo gold these days. It competes with the likes of 10-year US Treasury ‘Inflation-Protected’ / Interest Paying Notes. So for Institutional Investors, who need to tuck away a few Billion of investors cash that demand a regular fixed dividend, gold doesn’t do it. Higher US Treasury Rates now tend to drive money elsewhere, that’s not to say Gold isn’t attraction, just lost some of its shine from its dominant ‘safe haven’ status held years ago !