OTCPK:KRCLF - Post by User
Post by
MaterialsManon Apr 03, 2023 7:27am
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Post# 35375546
Mass confusion
Mass confusionReminds me of the famous Winslow Homer painting of the Sea Ducks called 'Right and Left".
Investors seem very confused about whether to buy gold or dump it. There have been significant outflows from gold backed ETFs. Central banks are all over it. Bonds are offering higher yields.Oil is up 15 bucks the last two weeks. Inflation was once the magic word for the gold industry. Now rising interest rates that are implemented to control inflation are considered bad for gold. Price fluctuations rule. No wonder there is confusion about where gold will go. I suspect, that based on historical performance in times like this, up is the most likely direction. Guess I'll just relax and watch it happen.