Post by
GraviTee on Dec 30, 2024 4:40am
Where the gold pullback sentiment in January is coming from?
It comes from the rising stock market correction speculation gaining traction and expectation in January to February.
In all serious market corrections, thuswise related to gold anyway ... Gold takes a hit. Gold stocks take a bigger hit. High risk gold explorers such as TUD for instance will take the biggest hits to their SP's.
If little is done to remedy the stock market rout - Gold will rally after a sure couple of weeks bloodbath.
Don't count on it for the sake of gold.
Count on emergency relief for the sake of the markets and the economy by way of a massive stimilus fix.
Bet your last dollar on QE5 to the rescue before gold can even take a breath.
There is a time lag of approximately 18 months after an emergency money infusion that will lead to a golden renaissance ... but it won't happen by any great degree before the influx of QE dollars begins to chase too few goods all over again.
Don't think so - go long and find out.
Comment by
Mitran11 on Dec 30, 2024 7:40am
You are very convincing and I respect your insight. Should these events occur , where would you peg the can $ at vs Us $?
Comment by
GraviTee on Dec 30, 2024 10:47am
CAD vs USD .... More of the same as now until a market rout followed by renewed QE measures. Stimulus will bring the USD down below the 1 dollar mark and boost the CAD a little. Not a lot with Trumpian uncertainty in the mix.
Comment by
GraviTee on Dec 30, 2024 10:53am
Then there's the threat of war breaking out in various places that could support the USD in the midst of uncertainty and chaos in 2025.