RE:Raised PriceWell so much for those high new price targets….or is it?
Looks like Trump & Musk are sucking all the air (cash) from the markets by favoring crypto over US$ or gold for that matter. It also doesn’t help that oil is down.
One needs to remember that in April 2022 KNT was over $10/share with gold under $2000/oz so with good progress they are making on their Kainantu Gold Mine why is KNT under $9/share with POG at over $2600/oz???
With this Musk guy, Mr. Trump & his son all talking more & more about creating US crypto currency this IMHO undermines traditional standards like gold. I don’t know enough to see where this is going but I still believe markets will sort this out & I’m not going to buy any bitcoins at $100k just yet.
Market is always right; I just don’t like the fact that one or two people have so much influence over it, but that is just me.
G37