Gold price is being held down right now due to a surging U.S dollar. I think that will peak and reverse.
Pundits are progressing from 'transitory inflation' to 'persistent inflation' to 'recession' to 'stagflation' to 'depression' to 'worst depression since the 30's'
Investors are running out of places to put their wealth.
Crypto is out, it's a proxy for the stock market.
Most real estate is out
A lot of traders making a fortune shorting the market right now.
When the bloodbath is over, gold will be the last boat afloat after the storm. Like 'Bubba Gump Industries.'
Imho, gold is going to go up A LOT. And the U.S dollar will go down A LOT. Soon.
That rise in gold will dwarf any issues around financing a plant.
Chart - TA, page-2664
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Last
$1.18 |
Change
-0.025(2.08%) |
Mkt cap ! $2.828B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.21 | $1.18 | $4.372M | 3.683M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 103124 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 251481 | 39 |
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| Last trade - 15.04pm 05/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |