It's just a major media grab to take our attention as we are now awoken to the major issues going on...
The people have spoken
:cool:cc
Printable View
https://www.zerohedge.com/markets/ru...st-gold-market
Russian gold barred.Gold re $2000 Oz last I looked:)
Yeah. And why do they portray Bitcoin as a GOLD coin?
US Fed says it will reduce its balance sheet by $95,000,000,000 a month. Does this mean it will not roll over $95 billion of bonds and govt treasuries each month so someone else will need provide finance for this $95bill probably at a higher interest rate.
https://www.reuters.com/business/fed...ow-2022-04-06/
Doesn't this mean gold and gold miners are a sell as the central bank gets serious about price stability and interest rates rise.
My reason for investing in gold producers was that central bank insanity would destroy the currencies while gold held its value.
Or is there a suspicion that this "lack of liquidity" will cause markets to crash and the money printers to go nuts once more. Gold has been heading down but I guess at least some people are expecting more money printing at some stage in the near future.
Anyone got a view? Is now a good time to sell my gold miners?
Since the middle of last year the POG in Oz$ has gone from $2100 to $2400. So not spectacular but a decent 15% in 9 months. Some miners with good prospects have done better than that. I don't think that it is time to sell.