It has now got to a point where they are damned if they do and damned if they don’t! Which is a huge plus for the gold outlook.
If they keep raising interest rates, the housing market will crash and the middle class will lose out big time. They are obviously over leveraged. The upper class will pick up more property for a song.
If they stop raising rates or even reduce rates then the businesses will close due to stagflation and millions will be out of work. Also, if they bail out the banks, where’s that money coming from? More printed money and debt which creates further inflation.
No winners soon unless you are invested in safety!
Australia Gold Manipulation, page-11
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Last
18.0¢ |
Change
-0.020(10.0%) |
Mkt cap ! $174.1M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 17.5¢ | $871.9K | 4.785M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 258558 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 291872 | 7 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| AIS (ASX) Chart |