There is no return to normality. No soft landing. They are all lying to you. Like they did during the covid, ukraine, gaza narratives. The people took the bait, they believed what they read in the newspaper and what they viewed on the 6pm news. They have been talking about these rate cuts for what feels like an eternity now. Where are they?! Just trickle enough bait in front of the sheep and they will comply and deliver. We saw it all before.
When rates go up, most sectors such as property & construction etc struggle. Meaning mass unemployment, then people can't pay their rents, can't pay their mortgages. We are only just entering the end of the lower fixed rate periods now, following the mass property boom at the beginning of covid, where job keeper, access to super, working from home, less social and holiday expenses allowed people to afford a deposit for their home. The glory days have finished. People are starting to get priced out of the current way of life. Inflation is still very hot! Because it drops 0.1% means nothing, the data is manipulated month by month anyway. Only a small percent of the elites or those with existing equity are taking advantage of the system and buying plenty. If prices crash, equity dries up, then even less people can afford to live. We are getting close to a massive catalyst where people will be forced to change their investment strategy, even hedging 10% to safety would fuel a massive gold boom.
The future looks fantastic for gold stocks imo, we just need the sheep to wake up to what is taking place. The next catalyst which will take place before November will do it. Mass cyber attacks? More bank runs? Taiwan? Ukraine or Middle East escalation? What will it be...
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Last
47.0¢ |
Change
0.018(3.87%) |
Mkt cap ! $167.4M |
Open | High | Low | Value | Volume |
46.0¢ | 47.0¢ | 45.0¢ | $124.6K | 272.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4288 | 46.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.0¢ | 893 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4288 | 0.460 |
1 | 15000 | 0.455 |
6 | 254000 | 0.450 |
2 | 65000 | 0.445 |
2 | 45000 | 0.440 |
Price($) | Vol. | No. |
---|---|---|
0.470 | 893 | 1 |
0.480 | 66800 | 3 |
0.485 | 16863 | 2 |
0.495 | 13000 | 2 |
0.500 | 106933 | 6 |
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