I won't even bother reading the report, gold will get belted as soon as deflation sets in. If you listen carefully, deflation is surfacing and it will be with us for several years.
Gold has never done well in such an environment.
The fact is Gold has had a good run, IMO, it may have in fact topped, debatable, but possible.
The best place to be IMO is USD, might still be a month or too early, but when GFC2 sets in, the money will flow back into the USA - coupled with the deleveraging process that is going on(clearing debt).
Phil
I won't even bother reading the report, gold will get belted as...
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Last
$1.80 |
Change
-0.070(3.74%) |
Mkt cap ! $219.7M | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.80 | $1.75 | $5.128K | 2.916K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3297 | $1.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 6500 | 1 |
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| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| LGL (ASX) Chart |