Comment by
MetalMinded on Apr 22, 2022 9:30am
That's a matter of perspective. For those wanting to build their position, it could be a good day. For those who have the position they want and have a longer acceptable timeline, it's neither bad nor goo. For those with a short timeline and need this to go up soon, it could be a bad day.
Comment by
IvanRo on Apr 22, 2022 9:34am
I am all good my avg. is 1.58 USD - it just makes adds some red to my day P&L :-)
Comment by
MetalMinded on Apr 22, 2022 9:38am
Someone sold a bunch early and it seems to be recovering now.
Comment by
IvanRo on Apr 22, 2022 9:42am
You are right on the plus side could add but will wait until the dust settles before adding more. Copper is on a downward trend to about USD 4.45 / lb and gold on the slide to probably mid 1,800s - China's zero covid policy, Russia / Ukraine (no end in sight), IMF Global Growth Forecasts, Rising Interest Rates to mitigate inflation which will cap gold gains.
Comment by
Sooner on Apr 22, 2022 9:54am
"rising interest rates" --- hahahahaha!!!! what a joke. They will fold like a cheap suit after a couple 50 bp increases IMO. But agree --- in the short term the beatings will likely continue
Comment by
IvanRo on Apr 22, 2022 10:22am
Shows how little you know if you dont think rising interest rates won't have an impact on where investors put their money!
Comment by
IvanRo on Apr 22, 2022 10:26am
Anyway, time to put away the keyboard am off to the pub :-)
Comment by
EvenSteven27 on Apr 22, 2022 10:38am
It was a beautiful day. Did some nice buying today. In fact, what a great day!
Comment by
Asdfghjk on Jun 29, 2022 3:25pm
While I agree we add to the climate of our planet I ask you this: Why are the other planets heating up by the same degree? It is not caused by us. I know ehat it is just curious if you do.