Like I said, depends on where you start from.
What really matters is where someone adds, reduces or removes an asset in their portfolio.
Because theoretical debates like this can go on an on as long as gold and other assets exist.
Why the heck is even GOLD going down?!
- Thread starter SoyUnGanador
- Start date
What really matters is where someone adds, reduces or removes an asset in their portfolio.
Because theoretical debates like this can go on an on as long as gold and other assets exist.
Inflation hedge? Hedge against economy tanking? Any of that stuff? Apparently not, at least not anymore!!!
*smashes head against wall*
Why the heck is even GOLD going down?!
For the same reason as "why is that engine humming?"
Because it doesn't know the words
Take it a step at a time. She been around since biblical times and eaarlier actually since antediluvian times so why not treat her like a Lady?
She be at 100% Fibo right now = $1,668. Let her hav a coke and sandwich and listen to mizik
Then she go down to 161.8% at $1410
Then $1020 at 261.8%
Then finally no futher than $750.
BUY BUY BUY BUY BUY at $750 and hold for 1000 years give it your your kids
At each Fibo there iwll be a nice rally like right now a good possible one when DX is faltering ...
Gold monthly
Does anyone even count gold as an investment vehicle anymore? I think gold just lost the popularity contest. On the other hand, what are gold prices doing different from riskier growth assets, cryptocurrencies and fixed-income assets, directly affected by rising interest rates? It's a tough time for all ephemeral investments, now the world likes real and useful things - materials, chemicals, energy... food.
Yours truly does. Goldie is after all what they call REAL MONEY. She is going down in price now in a real downtrend correction. No harm in keeping some bullion stashed at home.
She will shine when this is over, I believe she will go to $750/ounce by next year end.
Then I am sending the trucks in to pile the bullion sky high and take it to the ranch and store!!!!
Kelly noooo that's the right thing to do
So what ETF/stock do better when US dollar is rising?
Even KBE bank ETF is trending down with interest rising...why?
The fad now is crypto currencies. Even now, I have relatives asking me about it. I tell them I do not touch any of the crypto currencies. Common sense tells you to follow the trends on stocks you want to trade. If it is going down, short it with put options. Now, if it is going up, go buy some call options or shares of the stock.
And high-flying stocks. People want the potential to make a killing, get rich quick.
It's well over a decade since precious metals behaved like this, so they're not on anyone's radar.
Unless precious metals start shooting up, joe public isn't going to be interested.