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Dabble010

4,233 Posts.

1460

17/08/24

20:37

Post #: 75253586
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Originally posted by AverageJoe: ↑

Why is there a divergence between GDX and GLD? Same with our local XGD ticker.

I often hear the excuse of the oil component being a major cost component in the AISC.

Why is gold price going on a rampage? US economy debt pile? War defensive asset? Yen carry trade contagion?

From last week's Nikkey equity induced and FX rout, I can again see the divergence between a weaker USDJPY hitting the trendline resistance and a massive resurging Nikkei. Which one of these market plays is wrong?

A few public commentators have also noticed the divergence between risk equity markets in the US and Bitcoin, they were tracking each other in the past.

Anyway, I wonder what @Skol thinks of this gold rally? A sucker rally based on conspiracies or perhaps the US/Japan can go on printing MORE money to solve their complacent financial policies.

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Most who have followed this thread for years just for the laugh would know what he'd think, he'd parrot it's another failed top like his done many times from $1200

The repetitive dribble is absolutely useless!
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