RE:RE:RE:RE:RE:RE:RE:RE:At this moment...Well neither of us has a crystal ball unfortunately but it just seems that there are too many risks to bet heavily on anything. I do certainly think that there is some upward limit to rate hikes before something breaks and when it breaks they will be quick to resort to more QE. Only problem is that the point of breakage could be double where FED funds are now and a number of months away. In the meanwhile there doesn't seem to be many tailwinds for gold. That's not so say that the miners can't continue higher...I just prefer to have as many tailwinds as possible.
I'd like to buy some copper names and a couple of lithium names too along with my chosen gold miners but if markets take another dump then everything will go along for the ride. Too much fear of loss for my liking now that it seems clear the path for rates is higher for longer and with as much trouble as the rest of the world has the dollar seems destined to remain strong or even stronger
Not a tailwind for gold or miners...so I'll wait. I may miss out but I'd rather miss out than have to play catch up like I've had to do all year so far. Someone with more guts and patience than I do would probably do best by just staying the course, adding on any weakness and waiting for payday which will surely come