Post by
Dixiedee on Jul 05, 2022 7:56am
Hold up in most currencies not US$
Gold is up in most currencies not the US$ all golds losses is US$ strength gold demand is starting to pick up everywhere worldwide this strength will grow into the fall and into next year just as the USA interest rates increases will slow or halt once either of these happen it will be explosive for gold
any weakness at all should be considered a buying opportunity the seasonality for gold is a couple months away from starting this is the time to buy not sell do your own DD but this is my thoughts
Comment by
Retiredgeo on Jul 05, 2022 9:59am
USD reaches a 20 year high
Comment by
megacopper on Jul 05, 2022 10:19am
Yes gold in usd is going for a major dump today as a result of the strong us dollar. And of course gold equities are down again. I wonder where the bottom will be. New 52 week low for NFG. It's going to be a rough week by the looks of it. I am thinking one more rate hike and the Fed will be done because the US economy is already experiencing negative growth.
Comment by
Retiredgeo on Jul 05, 2022 11:01am
Once again pay attention to the volume. There is no big exit from the stock. Every time the USD goes up and everything valued in USD goes down some retailers panick and run. Once the markets stabilize all of these stocks and commodities are going to roar back.