I agree here. the other factor in this is we now know this...

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mrssp

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05/09/21

10:02

Post #: 55840511
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Originally posted by bikemad: ↑

I hear you and you are right to be wary. On a number of occasions over the last several months I thought we were off to the races. Over the years we have all seen just how far these arseholes will go in defence of "the dollar". They've started wars, brought down governments and heavily sanctioned countries when they have dared to use another currency other that "the dollar" to buy oil for example. So getting the odd fine for the illegal manipulation of gold by their servant bullion banks is just a minor inconvenience. However the jobs number on Friday is a massive wakeup call that all is not as the Fed would have the world believe with regard to the economy and the big money will take notice. I'm not saying that everything will be perfect from here on in but I do think this will prove to be a pivotal moment for gold and Newcrest will be a significant beneficiary.

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I agree here. the other factor in this is we now know this rigged jobs number like every govt statistic will be used as an excuse to NOT taper. That only presents a downside case for the USD which inversely is good for Gold barring any manipulation by the central banks. this is what I believe we are in for the long term, a continued managed market. bad news is good news for stocks and gold. bad news will be deliberately created to justify continuous money printing and the lead up to that will be news saying, "we are tapering" so that the markets can take a break or short term dip. so what does that mean? don't believe taper talk and buy the dip

Last edited by mrssp: 05/09/21

NCM Price at posting: $24.58 Sentiment: Buy Disclosure: Held
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0 Great analysis

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