@goldtowinI think there is more downside to come and why I am...

@goldtowin
I think there is more downside to come and why I am holding dry powder.
If last Monday I told people that I was selling all my holdings bar gold and told them which stocks, I would have been written off as an idiot.
My favourite stocks, adt and bsx, I sold out completely.
Increased deg and cel.
A bit early but I can see profit warnings coming, a major slow down in global growth, and plenty of economic stimulus like interest rate cuts.
We all know what that will do to the GP.
It was a few years after 2008 gfc onset that gold hit that high and I see similar here.
There is good reason to hold longer before another cr.
If these next assays prove what we hope and there is a suggestion of rate cuts, ( which I think will be imminent now ) then the sp of deg should be a little bit higher than it is now. 25c would be a great price to raise.
It is all speculation as usual and highly right at the moment.
I have seen people writing about central banks selling their gold.
I disagree as they can just print more $.
Gold will be the only value storage again for a while to come imho.
That's enough speculation from me.
Kind regards, Wack.