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14/07/22

23:04

Post #: 62544877
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Originally posted by stag11 ↑

Your ignoring the inflation issue which has been proved not to be transitory. Hungry has already put it's interest rates to 7.5% and the USA is being very aggressive too and no doubt there are other examples around the world. The stage is set for precious metals to move up even if it is only for a short while. So I don't believe there will be any sharp downward trend, perhaps we might see a little drift before everyone gets on board the gold bug. A quarter of the worlds banks have been net buyers this year and that doesn't mean 75%are net sellers either.

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Inflation isnt the major issue for Gold. Its the American dollar.

https://www.macrotrends.net/1335/dollar-vs-gold-comparison-last-ten-years.

CAI Price at posting: 66.5¢ Sentiment: Hold Disclosure: Held
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