GREY:HGGOF - Post by User
Comment by
Trg418on Jan 06, 2021 12:15pm
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Post# 32233541
RE:It seems too me gold
RE:It seems too me gold Yeah very surprising and I thought the opposite would happen. The market is so irrational it's frustrating sometimes. But this is great news for gold. I saw on the news this morning that it pretty much gives the Biden administration a blank cheque to do whatever he wants. Also like you said, it pretty much guarantees another stimulus at minimum but I'm expecting several as the economic situation and the covid spread is a disaster. A major event upcoming this summer is the debt ceiling issue which is also great news for gold. They will have to raise it again and as it will be mainstream news, it will remind people of how bad the financial situation is. The country is bankrupt and living on credit.