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ghostwriter

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22/04/20

09:40

Post #: 44180487
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Originally posted by Pointyfigures: ↑

Gold stock sentiment indicator.
More evidence of how things may play out is coming to light.
My take – oil is an example of the inflexibility of the system to accommodate change.
Hard commodities were hit last night and I expect worse.
Soft commodities are another worry.
An inability to move food around the world will see a collapse in some soft sectors – at least in the wholesale commodity price.
Those areas short of such commodities will see local inflation for said commodities.
There are projections of serious famine, which any history buff would probably be able to foretell.
If animals are carriers of the virus then this complicates issues further. This might kill the live animal trade.
How to manage the transport and delivery of goods needs to addressed – pronto.
Still too much ‘poor bugger me’ and squabbling over PPE going on to look at what will be serious consequences.
Toilet paper and oil. Lining up are wheat, corn, rice, lamb, beef and the rest.
The whole system is still in reactionary mode.
I must have too much time to think.
The next major market drop appears in the offing. And all those trillions are going to disappear in a puff of smoke.
Here is the indicator. Still drifting. Obviously spec money coming out of the sector as the majors did OK yesterday.

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Don't tell me that Pointy !
I just loaded up on toilet paper and ink futures expecting the next round of Fed money printing
I'm with you in that I think there's another round of selling to get back into cash starting to happen.
Despite a solid gold price ( where else would you be right now) AUD gold stocks might again get caught up in the selling and head lower short term.
Dare we dream of another chance to add more at lower prices - you bet
G
8 Upvote

0 Great analysis

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