RE:RE:RE:RE:value
I totally agree with Stratocheif's perspective. He is just talking from his personal experience and risk tolerance. That being said, gold stocks are either super cheap or the price of gold has to tank to catch up. Adjusting for the current price of gold, only a few periods in the last 25 years have gold stocks been this cheap and most were very short lived. Briefly in 2008, mid 2015-early 2016, briefly in 2020 and now for the last couple months. In 1980 with high inflation, when the Fed was in a rate hike cycle, gold hit its all time inflation adjusted high. There were geopolitical events which influenced things but there are geopolitical risks now too (Ukraine, Taiwan). As someone who has studied economics and the market a long time I am very curious to watch (and bet on) the outcome. Everyone is entitled to their own opinion. Gold could test $1600 next week depending on how seriously the market takes what Powell said though he has lost a lot of credibility. Nothing anyone says (except Powell and the Fed, maybe Eric Sprott) will affect the stock price. Let's keep the discussion going either way.