History shows that if there is a significant fall in the general stock market gold and more so gold stocks fall but are the first to go back up.
I am not as convinced this time that POG will fall much if anything, if the general share market falls significantly but expect gold stocks to fall. POG has other factors supporting it ir central banks buying Asian retail being big buyers, concern about US deficit and huge debt, de dollarisation, etc. Western investors may instead state buying gold and gold ETFs which would increase POG potentially significantly more.
The US market is primed for a significant fall IMO given the rise in bonds, stock economic news and possibly no interest rate cuts this year. It was the promise of interest cuts that has driven the US market up by over 20% and with cuts possibly off the table for maybe a year reality is maybe starting to sink in.
POG now $A3,711 up 2% but many gold stocks are down.
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