TSX:EDV - Post Discussion
Post by
Dale327845 on Mar 12, 2024 11:35am
PRESS RELEASE
Post by
Dale327845 on Mar 12, 2024 10:54am
US CPI
My take on today's US CPI which came in slightly more than Goldilocks would like it seems, was in a longer term, a positive development for all us gold bugs. Let me explain. As many have said before me, what will really drive gold price is if the world goes into a Stagflation scenario. The fact that inflation has quite possibly dropped as far as it will, with a risk of a big rise if the price of oil goes up a bunch (war) ; and the fact that Europe, UK ,Canada , Japan, China, and various other countries, are in or quite quickly headed for recession (that has no apparant easy way to reverse) , and the US probably going the same regardless of how much the Democrats claim otherwise; with the Ameircan Stock Market in the final throes of its crazy bubble making, Bitcoin - anyone care about it? nah me neither; then Stagflation is probably already in its early stages.
So today the algos were programmed to sell gold if the number was what it was, but I would think the upward will continue very soon. If I can see that we are in Stagflation's early stages, so can the smart folk who deal in gold.
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