It's been hated, just like Orange Jesus, for many years now. What's taking so long?
Gold Mining Stocks as Inflation Hedge?
- Thread starter ipatent
- Start date
Patience grasshopper, patience.
That's for hodlers.
Markets and traders care factor in opportunity cost and therefore have no patience for yesterday's dogs and lewzers.
Performance the last month on stocks I track closely :
EDR 23.4%, SIL 28.8%, NGD 26.7%, OGC 18.2%
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EDR who-or-what-TF is that?
SIL I know but answer me this - is it above or below the Jan'21 open? Yup it's not, not even close.
NGD lol a $1.78 goldbugger stonk
OGC lol a $2.79 goldbugger stonk hey getting almost into real money territory.
You've got to expand your definition - and dollar signs- of markets.
Meanwhile I trade GC and yes it has been moving up. Bout time. Currently though I see it hitting resistance and a sell signal. Might only be short term. Trade price, not opinion.
You should short it.
I blocked him he's overly cynical all the time.
If I get a trigger I will.
In my opion, there is currently a great opportunity to buy gold stocks (yes as a hedge against inflations) but also to profit from the coming Gold Rush. Gold stockws have under performed against the gold price and stock market in general so they have a lot of catching up to do if positive sentiment returns. From what I can see, the Technicals and Fundamentals for the Gold Sector have never been better: