Post by
eatmorefiber2 on Mar 25, 2021 4:44pm
Market Crash and Gold
Can we please put to rest the theory that a stock market crash would be bad for gold and miners? Today is a perfect example of how that belief is nonsensical. Markets rallied back but PoG and miners were ambushed. The USD/Yen carry was the primary driver to ensure general equities go up, and PoG goes down.
To recap:
When equities go down, PoG goes down.
When equities go up, PoG goes down.
When bond yields rise, equities go up, and PoG goes down.
When bond yields go down, equities go up, and PoG goes down.
When inflation goes down, PoG goes down.
When inflation goes up, PoG goes down.
Got it?
Comment by
diabase1 on Mar 26, 2021 6:37am
You forgot one eatmorefiber2. when Jerome Powell opens his mouth, PoG goes down.