GREY:VITFF - Post by User
Post by
phoenix_traderon Aug 09, 2022 11:01am
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Post# 34881475
Gold: A No-Brainer
Gold: A No-Brainer
Gold: A No-Brainer
Aug. 08, 2022 6:59 AM ETNEM, GOLD, AEM, AGI, KGC, AUY, DBP, JJP, GLTR, JJPFF, GLD, IAU, DGL, BAR, SGOL, OUNZ, GLDI, IAUF, GLDM, AAAU, BGLD, IGLD, GBUG, IAUM, PBUG, WGLD, PHYS, GDX, GDXJ, GDXD, GDXU, GOEX, SGDM, RING, PICK, SGDJ, GOAU, JGLD, GDMN32 Likes Summary
- Gold recently went through a textbook 20% correction, and many quality gold miners got pummeled, dropping by 30-50% or more.
- While many analysts are modeling gold miners' earnings using stagnant or lower gold prices, the price of gold could move substantially higher in the coming years.
- Inflation is high, the national debt is massive, the economy is in a recession, and the Fed probably won't continue tightening for too long.
- Instead, the Fed may need to reverse monetary policy soon, admitting that the "new normal" inflation rate could be well above 2%.
- The market is behind the curve on gold, and we could see gold and gold miners' prices rise dramatically in future years.