One reason why POG will move lot higher over the next few years:
Between this calendar year and the next 2 years US has to rollover $17trillion of debt. Currently they pay around 0.5% interests on that debt and even with some rate cuts most of that debt will be refinance at around 4%.
And this is without taking in consideration any new debt they keep issuing at around 4.5%. let that sink in.
Basically gold miners should do well over the years. Employment data last night was really bad and I am not sure why gold fell but this is not sustainable and if economic data continues to be poor it will force more than one rate cut (market now prices only rate cut) this year alone. Gold should break $2400usd permanently this calendar year - in my view.
One reason why POG will move lot higher over the next few...
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