RE:Gold up 40 bucks and bto went up 4% and back to where it staKvman44 wrote: Day traders cashing in along with other people who are taking profits or getting out after getting their money back finally..Oil stocks same thing but not as much pull back.War at the same time as run away inflation is a real bull for gold.Add runaway gas prices to run away nflation creates super inflation which should take gold to 2500 quickly if no end insight to the current environment. The interest rate increases to try to reel in inflation now may be sped up , stalled,or stopped all together as the big price at the gas pumps will drain the extra cash available that created the fake economy and inflation due to the money give away that still hasn't been cycled through the real economy.The big fund managers and brokerages think that this war will be gone soon and markets will be back to business as usual.This is the same bunch in denial of the existence of false economy which was created by the money give away and printing over 6 trillion in 2 years..Once the picture becomes clearer that fake economy with its now superannuation and eventually the burn through of the cash giveaway is added to global uncertainty due to war in Ukraine all the big players will be all in on gold and the day traders will be left in the dust as the big funds and brokerages pile in and a steady rise for price ofgold and associated stocks like BTO
Not BTO as their main mine is in MALI. Do you know what is happening in Mali?