Post by
idleweiss on Oct 25, 2023 10:08am
Gold
Gold has disconnected from the yields. Probably a good place to hide for now. Some of the gold stocks haven't reacted yet to the increase in the gold price but they will sooner or later. For example, agnico should be in the 80s but it's just starting to move
Comment by
Cobalt on Oct 25, 2023 10:39am
Gold is 89% correlated to the 10 year real rate so i dont think so look at this gap (chart) it needs to drop unless things are "different this time". Only thing working for now is front running the American Bitcoin etfs 1 month Bitcoin +30%
Comment by
idleweiss on Oct 25, 2023 10:47am
Gold just started deviating in the last month or so. Some are attributing this to China selling bonds and buying gold. Given the rates, gold should be trading below $1700. It's a better risk than copper right now.
Comment by
Cobalt on Oct 25, 2023 11:00am
Traded gold for like 20 years if i'm buying now i'm buying BTC digital gold. 55+ crowd buys gold rest buys digital gold. Year to date BTC +110% Gold +9%
Comment by
idleweiss on Oct 25, 2023 11:36am
See this: https://www.cnbc.com/2023/10/25/get-long-boomer-stocks-and-short-millennial-shares-says-bank-of-america.html You're on the wrong side of the trade
Comment by
Drksideofmoon on Oct 25, 2023 9:11pm
Cobalt, as a former gold trader what do you think of Mr Armstrong and his Socrates predictions and analysis these days?
Comment by
Cobalt on Oct 25, 2023 9:43pm
I lost interest in him a decade ago like so many i followed back then for not seeing the top. Maybe he was too early calling the future been there, I should revisit his works thanks.
Comment by
guarantor1 on Oct 28, 2023 12:54pm
Like, who the F cares About some 'Socrates" prediction Nobody gives a Flying F about Socrates gold predictiion.