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Goldnumber

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24/09/20

09:19

Post #: 47588270
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Originally posted by AverageJoe: ↑

Gold was due a correction ever since that massive 11Aug sell-off. I don't preempt moves, my views are directed from the price action. I experienced the March meltdown in equities and gold to realise that gold is not a safe haven at times of stress in the financial markets.

I am still cautiously pessimistic on riskier equity markets from a pandemic perspective from all these Govt social programs. I don't try to gauge how long and far govt packages can last, your QE equivalent. When shove comes to push, fiscal and monetary can last as long as required from Powell public indication of what it takes.

I think we need to define the terms of a bubble, does a decade sustained bull trend be defined that way? SP500 came off another ATH just beginning of this month so all attempts to talk it down from a gold's perspective has failed for 11 years. Is this stubborness or just a dogma?

Here are bubbles of recent to historical past:

Dot com
Uranium
Coal
REE
Lithium
Cobalt
Gas
Ganja
Gold

I am sure there are few more and one that is so far still being blown up, BNPL. Not all bubbles are alike in duration or valuation.

Why isn't gold reacting positively overnight when US equity fell off? Not the margin loan excuse again?

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I do not believe this is a Gold bubble pop.
This is all about golds managers.
Maybe add a bit with correction - but again only from management wrongs.
I stand by my long price of gold, as real will need and demand real.
but ssh as hunting
dyor
2 Upvote

0 Great analysis

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