You think gold will wait for the Q2 GDP numbers to increase or do you think gold price has increased in line with the COVID-19 situation?
The prospects of a recession are well understood by just about everyone (well maybe not everyone ) and would be, to a large extent reflected in the price of gold. So if I'm of the view that there will be a recession but we will slowly come out of it, then my view is that price of gold has more downside than upside.
Maybe give people a chance to make a case before ridiculing them. Obviously a trash non-holder jealous of my buy in at $9
APT Price at posting:
$50.54 Sentiment: Hold Disclosure: Held
HotCopper & The Market Online will be live From the Floor at the Mining News Select Conference and we want to bring the voice of our online audience to the show with us.
) and would be, to a large extent reflected in the price of gold. So if I'm of the view that there will be a recession but we will slowly come out of it, then my view is that price of gold has more downside than upside.
