RE:RE:An article for our friend :)caffee1 wrote: It's hard to know what to make of that article HOF.... It is done by CNBC ( which is mostly fake economic news ) and then the commentary is Goldman Sachs ( Malaysian Fund billion dollar scandal recently, treating clients as "muppets", front running IMF in valuation of Greek bonds, CDOs in 2008 helping destroy markets, receiving tax money in billions through AIG in bailouts, Doing Gods work etc etc )
So what does a trader/investor do when see those articles? No doubt tarriffs are going to be felt by everyone and there is no such thing as punishing all major countries ie. EU, China, Russia, Canada etc and not feeling any consequences. The talk about GDP hit etc, is fake news, and fake data.....numbers that are nonsensical and presented for public consumption to show how awesome the economy is.
My best guess is that the weakness in equities today is a preview of what will happen in a more serious and prolonged wave this year. Being an investor in KL and other pm shares, the end results should favor the negative correlated pm sector. Which is considerably undervalued. POG on relatively short term basis looks quite bullish with RHS pattern. For contrast I included a bearish chart of the FANG stocks First the Gold chart.....
You took the article a lot more seriously than I did caffee. I was being sarcastic, and especially so as the price climbed by $3.00 today. I dont listen to analysts.
But thanks.
H.