"For now, I believe we will continue to see a weaker dollar, more inflation and a less aggressive Fed. This combined should all be positive for gold and the miners that extract the yellow metal. The bull market which started in 2016 is now once again in full swing after a lackluster 2017...
Downturns in the US dollar run in 7-year cycles. If the dollar has topped, there will be many years of rising gold prices and a weaker US dollar. Because the XAU and HUI Indexes are near an all-time low vs gold, this will set the stage in coming years for a massive outperformance of the high-quality explorers, developers and producers vs the price of gold"
In summary, lower USD$ run is going for another few years & Au price is going higher.
Gold bugs are frothing at the prospect.
For PRU, its very bullish
- Forums
- ASX - By Stock
- Gold Bear turns Bullish
"For now, I believe we will continue to see a weaker dollar,...
-
- There are more pages in this discussion • 7 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 PRU (ASX) to my watchlist
|
|||||
Last
$2.73 |
Change
0.085(3.22%) |
Mkt cap ! $3.743B |
Open | High | Low | Value | Volume |
$2.72 | $2.74 | $2.71 | $3.849M | 1.413M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 28735 | $2.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.73 | 110875 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 35196 | 2.720 |
20 | 137954 | 2.710 |
23 | 186185 | 2.700 |
14 | 87327 | 2.690 |
6 | 70296 | 2.680 |
Price($) | Vol. | No. |
---|---|---|
2.730 | 46328 | 18 |
2.740 | 149589 | 27 |
2.750 | 207129 | 24 |
2.760 | 80689 | 13 |
2.770 | 109368 | 11 |
Last trade - 11.24am 12/07/2024 (20 minute delay) ? |
Featured News
PRU (ASX) Chart |