Post by
metalhead666 on Apr 07, 2023 9:34am
Another rate hike guaranteed...gold will drop now
And so will I80 stock price. If next week shows a hot CPI and PPI then "higher for longer" becomes the meme of the day again and markets and gold won't like it.
My best guess is a whole lot of nothing barring some outlier data point or event so you'll be betting on drill results for excitement or disappointment.
Will most likely be a narrow trading environment for a month or so unless earnings which start next week take the jam out of everyone's donut which could happen
Best to kick back, enjoy Spring, collect your Tbill interest and slowly accumulate Artemis, Skeena and maybe I80 on weakness
The primary theme remains....the FED hikes until something breaks. They've cracked a few dishes but nothing big has broken yet...so the big reward...the market crash....gold to $3000 is just going to have to wait a couple more months
Comment by
Buckfinder on Apr 07, 2023 10:15am
Perfect world for gold - people will Rush into Gold as protection of Money - central Banks have no weapon anymore and Nobody wants the Dollar ... until 1-2 Months the Dollar and higher Interest Rates hold Gold back - both weapons Are empty. nr i-80 very soon :-) glta
Comment by
metalhead666 on Apr 10, 2023 8:25am
Down it goes! Short bets looking good....don't get out over your skis!