Although the market is at all-time highs, gold is also up.
Very schizo, just like the times in which we live. People are scared, but they have to put their money somewhere.
Uhmm, no I'm not scared.
SNIP
My Take-
Dollar is down 10% year to date. I understand that gold is not an inflation hedge. However the BRICS are de-dollarizing their reserves especially since (Not a political comment) the prior US Administration weaponized the BIS against the Russians. Soverign demand is certainly a factor in Golds move.
3 push up, so a pullback of some kind might be finally due.
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Cobra wrote: ↑Mon Oct 06, 2025 2:47 pm
3 push up, so a pullback of some kind might be finally due.
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Good call Cobra, it's like real-eastate. Locations, locations, locations.
Thanks but you know I just keep saying and saying, it guarantees I should be occasionally right sometimes.
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