Post by
Goldenpou on May 23, 2023 8:52am
Why gold will go down
Gold will go down again today because the governments like to make sure it is steady and controlled, so around $17 down towards $27 is todays control measure.
Gold is shunned by the US investment community
Gold stocks will go down 3-4% today and will lose all interest for small investors
The US dollar will explode upwards when the debt celiing thing is finished = stability, gold will suffer immensely contrary to quacks pretending to know gold saying that is what is preventing gold from exploding, it is the opposite when a deal is reached gold will sell humongously
It is so easy to program algorithms to shot gold because of big gaps between prices, plus it is news sensitive so when sellers start selling onnews a computer program can bring it down easy with the micro second panic gaps that come into play, very easy and fast, minutes
Gols shorting is very profitable and volumes are just not there upwards, look at the billion dollar fines the manipulators of wall street were stuck with
Volume on gold stocks are extremely low so brokers are not recommending it, plus they are always surprising us look at Centerra
Gold cant compete with crypto and tech and AI for quick profits , easy and fun, anyone under 50 does not enter the gold casino , it is empty
Sorry but your gold will go down big big time when the fed continues to raise interest rates making buying bonds a sure and safe thing with great returns
Gold is a metal and a luxury one so when there is no money that is disposable income nobody buys,
on the contrry people sell
Gold stock historically crash and burn when a stock market crash begins, everyone sells their stock
The gold dreamers are like panners who are eternally optimistic and come back broke
Sell sell sell