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Rleonars

3,162 Posts.

618

09/01/21

03:30

Post #: 50049532
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Originally posted by AdVictoriam: ↑

Gold is indeed getting a bankstering. We need @slange back in the front line trenches. Makes me wonder about gold manipulation and TPTB after all. However for the most part I think it's just the vaccine hopes + Biden stability narrative. Nevertheless a bankstered gold price in this environment is going to hurt miners, due concurrent inflation of other assets which will increase their production costs. They use a ton of oil, which is starting to spike after the Saudi cuts and vaccine hopes.

If you believe the inflation narrative will hold strong in the near future, this pullback will be a good time to get some goldies. Gold should start to rise again solidly at some stage to account for impending inflation. Personally I'm on the fence as to what the future might bring, but commodities is a good place to be to hedge inflation by any means. Or, you punt on BTC and possibly retire at year's end, and be famous on https://www.reddit.com/r/wallstreetbets/

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still within its range I think. Always the elevator down. Good hard bankstering, but hey, money is cheap fo them to short on the crimex...
12 Upvote

0 Great analysis

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