Victoria Gold Corp VITFF

What Am I missing

[kegman]

Gold is up.  Raven news is very good.  Price is down.  Hmmmm.

[Swingandmiss]

The miners are no longer trading based on gold. This run up is based on fear and not fundamentals. If we had a cease fire tomorrow, gold would drop $100. Until we get US inflation under control, the economy cooling down significantly, and the dollar dropping, nothing has changed. 

[barringtondolby]

I tend to disagree that gold is up purely on fear. Demand for gold is at record levels despite strong data showing inflationis still a problem and was showing strength before the current crisis in the middle east. If we see some easing on the inflation front over the next few months, I can see gold solidly around $2000 and above. Yes, if the middle east settles down, it will have an affect on the

[givemeabreak1]

Barrington You sort of lost me when you said if you see easing inflation you will see a strong gold price.  Generally speaking gold is hedge against inflation so demand is higher in times of inflation.  So if inflation eases the gold price will likely fall.

[barringtondolby]

Agree, but I believe interest rates are a strong alternative to gold, and any easing of them would benefit the appeal of gold. My thinking!!

[OCB1234]

“From 2003 - 2007 interest rates went from roughly 3/3½% to 5/5½%  and the gold price went up from $ 400 to $700/800. So, the narrative is incorrect. Rising interest rates are actually bearish as you can imagine for assets that are bought with debt and with leverage.” Mark O’Byrne, The Goldnomics Podcast

[Swingandmiss]

Barrington, go look at the chart of gold right before the attack of Israel. Gold had broken a key resistance level and was down to 1833 and heading lower. Comments were being made on this board about how the hedge by JM was looking good.  Big picture, I agree gold will be above $2000 at some point next year based on fundamentals, but not now. Every time we get news out about strong

[barringtondolby]

Kegman, another weird trading day, SP down nearly 3% on less than 1400 shares.  Have to be someone playing with this stock.