I-80 Gold Corp T.IAU

DANGER WILL ROBINSON!! CRASH ALERT!

[metalhead666]

If you don't understand these things you better figure it out real fast or get out of everything ASAP

https://www.zerohedge.com/markets/boj-loses-control-bond-market-ycc-band-breaks-amid-selling-panic

[goldstd69]

sounds bullish for gold if I read ur post right...hmmm?

[metalhead666]

Could well be but if things come unglued everything will tank

[Buckfinder]

Perfect for gold !!! Asia have bought mega tons of Gold in the Last Months Not without a goal :-) ps: equinox top tip yesterday by a brokerage  glta 

[Aurum79]

   Russian citizens bought 50 tons of gold last year, and physical buying will be sky high in 2023 everywhere. Looks like Russia is about to begin its new offensive that could force NATO to escalate. A major melt up  in this sector is more likely than a meltdown. Interesting times we are living in right now. 

[metalhead666]

The problem is that a major escalation ...which seems likely....will crush stocks.  Gold miners are stocks.  While I believe you're correct about the rush for gold in these dangerous times, the mining "stocks" are no immune to a general market plunge. 

[Aurum79]

   Gokd miners are at least backed by something tangible, and those commodities are only gaining in value. Miners will fair better than most as a floor will be set by bargain hunters with a ton of cash on the sidelines. 

[metalhead666]

Well there's no such thing as "cash on the sidelines"....Gold miners might be backed by something but no one needs gold.  The problem comes in where all these miners are part of idexes and funds which get dumped without thought in a big selloff.  I'm not saying that you're wrong only that I don't trust any "market" government, institution, bank, broker

[Ridgeback]

There is still the potential for mining stocks to drop and follow the herd over the cliff. My view is to keep some cash on the sidelines and if the favoured mining stocks drop likely they will be one of the first to recover. If it happens the next Quarter will be interesting for direction.

[starboy101]

Not so! Gold is a non-productive asset, when you buy physical gold you are subject to the Greater Fool principle.

[NineLives]

Yawn, it's a tangible asset, has a greater worth than fiat as proven by its usage over thousands of years. And if you get bored with it hammer it out and coat your house in wafer thin yellow. If you think Gold has no worth then basically you're saying everything that can be bought with $$$'S is also worthless. Great, let's all just disappear and not bother then. Now as for Gold

[starboy101]

Oh you poor misguided soul! So tell me then, when you buy a gold bar and once your done burying it in the back yard for safe keeping: Is going to pay you any interest? Will it pay you a dividend? Is it going to pay you anything? NO of course not! So how are you going to make money on your investment? Well .... you're going to have to find a greater fool aren't you. I will pray for you

[NineLives]

Lease rates and inflation. Tsk tsk, go back to school 5th grade?

[starboy101]

Oh Lord have mercy! Surely you don't believe that gold is somehow a hedge against inflation? You were joking right? A look back in history will tell otherwise, for instance if you look back over the course of history. The correlation between gold and inflation over the last 50 years is 0.16 (source: CNBC - Gold as an inflation hedge? History says otherwise) thats very low. So this narrative

[metalhead666]

Gold and especially gold miners (stocks) are going to get clubbed like baby seals in the coming crash....all stocks...all assets will get dumped in a scramble for cash. I got all of this selloff...yes'm   Will keep the short on...shorted Europe....rest in Tbills and cash.  Bring it on! 

[goldstd69]

you may be right...or...money will rush to stocks and gold as assets vs a falling USD....???

[metalhead666]

Earnings and valuations are way too high.  Debt is off the charts. Savings rate in the gutter. Trillion $ deficits as far as the eye can see, a dysfunctional government, a European war, a FED determined to crush inflation via a recession, biggest yield curve inversion ever.....hard for me to see how this all doesn't roll over and off a cliff.   All the big selloffs of the past

[starboy101]

There will be blood on the streets....anarchy! Its already begun ... and like a snowball rolling down a hill it will do nothing but pick up speed. Godspeed to us all!

[NineLives]

Can't discuss the markets with a couple of 2x4's. Not worth the energy.