It's all about expectation - much of the sentiment or arguments we normal investors have / believe, are already 'priced in' in current price action. Unless you know something critical that others don't, it's almost impossible to predict exact movement - as if gold price was easily forecasted, I doubt many will be here as we can all trade gold futures with leverage and make $$$ in no time.
Yes, inflation is high and they will 'have' to increase rates to fight it - but not so easily if economy is slowing down with reverse-wealth effect while the stock market crashing; what if Biden admission imposes price control to limit the inflation instead (media is starting to pave the way by putting articles on, but imo a pretty bad move and will only increase shortage) and allow asset bubbles to not pop completely, so Demorct can survive mid-term election? In that case, it suddenly is not so friendly to DXY and will increase gold price instead. You see there are many cross-currents and possibilities ahead, that no average investors actually knows for sure.
Having said that, another important factor is that XOF (Mail currency) and AUD is also getting weaker while gold price was under pressure last few days, so we are also 'hedged' for costs and profits - believed or not, while Gold price in AUD was down yesterday, but is actually up in all 1-month, 3-month, 6-month, YTD, 12-month, 3-year, 5-year, 10-year period.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
It's all about expectation - much of the sentiment or arguments...
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FFX (ASX) to my watchlist
|
|||||
Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $236.5M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
FFX (ASX) Chart |
Day chart unavailable
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online