Bipolar share16 Dec 2021 10:41
This has gone from everyone's darling to a whipping dog in under a year, nothing much has changed except perhaps the increased amount of recoverable gold and the drop of gold prices to a very low figure considering whats coming next. It seems that the only short term mover is going to be gold price, which has taken a bit of a battering because Cryptos are the new Gold. Bank of England announced yesterday that Cryptos "could" be worthless, read this as we are going to make them worthless and you have been warned. In fact you could read this as an attempt to get rid of a few trillion of liquidity after the mega binge of printing thats gone on of late(last 14 years). Once gold rises this will be back in fashion and if Shaun announces he's having eggs for breakfast the price will rise 5%. Anyway all I can say is when a share becomes oversold and undervalued the correct response is to top up, complaining or reasoning is pretty pointless. As to the bank of England's statement, as my Old Mother use to say, when ignorance is bliss, tis folly to be wise. Oh and I forgot to mention BASEL