Marathon Gold Corp T.MOZ

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:At this moment...

[Angelique01]

theCurse wrote:

Angelique01 wrote: Clearly we are in a period (cycle) of falling gold prices. 

There is no "clearly" when it comes to POG.  I tend to be more with Ridge with being contrarian.  at the very least, that general thinking is already baked into gold prices.  if you're 70+ years right now, i sure don't know what you are doing investing in golds still.  just like gambling?  Even at my ~55 yrs it starts to get silly.   However, i have been around since the huge low in gold ~22 yrs ago so i've seen the cycles.  And usually what is expected does not happen.

metalhead sure is great for telling us his perfect trades....after the fact.  no way he is the age he states as one becomes wise by that time...and not just cocky.  guess he has a new thesis.  great at predicting which way the wind blew yesterday.

tC

The unexpected happening is always a constant but at least for me gold clearly does appear to be in decline in the near term.  A .75 FED increase in Sept followed by another 1.00 increase before year end will get the rate close to 4%.  Hard to imagine this not having a positive impact on the USD and conversely negative for gold.  
I was actualy thinking this was the contrarian view with the general market anticpating a FED pivot that I don't think will materialize for at least another year.
As for 70 not quite there yet.  Made my first mining equity purchase when I was 14.  Adanac Resources. Why I'm still investing in gold now at my age is a good question.  I guess one sticks with what they know and think they're good at even if they're not.  I certainly wouldn't be putting my money in a GIC earning .45% but lately with rates increasing a risk free 5 year GIC ladder with rates between 4% to 5% seems enticing in my old age.  With inflation above that you still lose but you don't get the drubbing that gold equities experienced the last 2 months. 
Patience and discipline are key.