Post by
Gutinstincts55 on Apr 10, 2024 9:52am
Physical Gold = beyond bullish
Today was the type of morning that previously would have crushed PMs sending them tumbling down. CPI came in with hot inflation numbers possibly delaying rate cuts. The US dollar is ripping upward. Gold slightly dipped then gave it all the middle finger & started to climb again. Why? Besauce the West has lost the control of PM pricing. The east is buying non-stop & is countering a tough US macro day. Just imagine when rate cuts happen here (yes, they are coming). Eventually Western buyers will join the gold party. Either because they see the train leaving the station or that plus stocks finally corrrect & people are looking to alternatives for their cash. If it's delayed a bit it's meaningless. Holding TLG is a no brainer.
Here's a nice one minute from Gwen Preston on the macro...
https://x.com/miningmavengwen/status/1777819124040700269
Comment by
metalhead666 on Apr 10, 2024 10:08am
Soaring rates and inflation will break backs. The consumer, real estate, the entire US government etc etc....will spark a collapse...in a collapse everything falls. Credit will turn to dust so the water filled pits will be fish ponds.