![]() However, there is always a reason why markets do what they do, and they are very often right. As such, as I’m left looking for the fool at the table it seems that it may well be me. However, as a grizzled old investor I've learnt to ‘trade what I see’ and what I see is little connection of gold stocks values with the price of gold I see breaks in the linkage of the price of gold and its actual availability, and a disconnect of the gold price from the classic ‘inflation trade’ that is meant to be core and sacred. I read those investment books when I was an infant and I still want to believe. The only call is: which way is the breakout going to head?įirstly, let me say I have some chunks of gold and was - up until recently - very bullish and up to my ears in precious metals. There is now a triple top, no moon shot to reflect inflation.Ī bull will see the base of a potential exponential rise in this chart and a bear will see a fall back to $1000. You will notice that gold was very strong but, the moment the hyper money debasement wave starts, its rise stops. That is what is written in every 101 investment book. Gold: Why isn’t it so much higher? With high inflation gold is meant to take off. ![]() Bodnarchuk/iStock Editorial via Getty Images
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |