GoGold Resources Inc T.GGD

Markets red all over

[oilisswell]

Dow down 1100, TSX down 600. That's a 10 day losing for the Dow, the first since 1974! Of course, when compared to the TSX, the Dow was incredibly over-valued. It was only a matter of time that a correction would happen. Even so, many companies remain remain at extremely elevated valuations with respect to profit and earnings.

Tesla has a P/E ratioo of 121, Apple is only 41, Nvidia is 52, Microsoft is 36, Amazon 47, etc...
On the TSX side, Enbridge is 20, Canadian Naytural resource is 12, TC Pipelines 13, Bombardier 17, etc...

In general Dow has higher valuations than the TSX, why? Mostly because Dow players have a higher risk appetite.

GGD taken down as well as most stocks. This December has been one to forget. We can look forward to a positive January as stocks in general will be great value.

[greendayyyy]

On the plus side, we all know that there will only be 2 rate cuts in 2025. We'll see in a few months if that's the case. Is it normal that the United States is the only country to boast that everything is going well when most of the world is not? I'm no prophet of doom, but I can't wait to see how this country, with its high long-term interest rates and a president who threatens

[tsoprano24]

The lies the Biden admin make about a strong economy are not believed by anyone with sense. Although maybe mumbles means great versus other countries. Then maybe he's correct. But you're right that Biden threatens the world as he has encouraged war in Ukraine, Israel and with China. Luckily, the bad orange man isn't into war, as was seen in his first four years. His tariffs are mostly

[becker123456789]

I disagree .The Trump years added more debt than Biden and saddled Biden with big tax cuts to the rich which were still in effect during Biden's term. Not to mention the whole country was spinning out of ciontrol . That's why Trump got voted out in the first place. I agree with Trump on some issues but his tax cuts caused trillions in debt and will only get worse if further tax cuts are

[oilisswell]

You are correct, but people have very short memories when it comes to politics, 1 election at a time! Votes follow the money, not the debt that nobody cares about.

[tsoprano24]

I'm not sure any thinking man would say Powell is at the top of his field, other than his job title. Along with Cramer, the tv investment guru and Wrong Way Klugman from NYT fame, I doubt many are criticized more than Powell. He has been continually wrong on inflation and behind on every move. He is now stuck between a rock and a hard place. You are right about Trump and his debt, but I

[oilisswell]

Anyone that believes interest rates alone can control inflation is delusional. The US is in the same boat as most other countries I think, too much debt and too much inflation, especially considering that we have stopped counting anything that is important towards inflation like food, fuel, housing etc in order to make the numbers look better when in reality it is much higher! Also consider that