Gold stocks down again Ever since Powell opened his mouth at the Fed meeting everything in the gold sector has turned sour. I wish he would just keep his mouth shut because they are reckless with the truth anyways. They don't know any better than anyone else what will happen. Once the economy slows down which is already happening they will reverse course and start lowering rates.
They may pause for 6 months before starting to lower them but even once they just stop and pause we should see gold and gold equities rise. Buy NFG and SGD and be apart of two great gold discoveries in Canada. Both of these companies should eventually be bought out at $10 plus in my opinion. Give it a year or two and they will be gobbled up.