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shaneos

6,367 Posts.

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03/04/20

08:52

Post #: 43854463
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Originally posted by Dr.Who ↑

There is no fundamental reason to hold gold. Price movements f gold recently have a whiff of trying to lull unsuspecting short term traders into believing the $2k and higher hype. Gold is nothing more than an instrument for speculators to ply their trade. Expect a sharp fall in the gold price, probably when least expected, in my opinion. It is what gold does, target 1360 within 6 months, in my opinion.

Money will chase cashflows, cashflows will flow from companies when they get back to work and consumers have money to spend after the government has their backs. This years numbers will obviously be ugly, in my opinion, but investors invest with a longer horizon that 1 year. We will see a massive drop in QTr GDP but don't be surprised to see the stock market respond positively - in anticipation, in my opinion.

Gold is only good for the nimble trader with a very short time frame ready to take lower profits in shorter timeframes - unpredictable due to no fundamentals.

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$1610...not $1360

btw...
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