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Rleonars

3,149 Posts.

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29/11/21

12:52

Post #: 57932833
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Originally posted by AdVictoriam: ↑

Gold's going back up according to the price action. Firstly it closed much stronger than a lot of equity indices on Friday. Secondly the price action today; especially if we bust 1795. Thirdly a new covid variant of any significance should just be a repeat of the last year - mass QE and the rate capping that comes with that, helicopter money - relief packages etc.

The only scenario where gold will tank from here is 1. raising rates (this will be a short-medium term dip and a buying op despite much commentary about the opposite). 2. If everything goes down due deflation (which could easily happen due to a bunch of stuff despite the popular inflation narrative).

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Silver often leads gold....
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