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16.0¢ nova minerals limited

POG, page-132

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edithzion

734 Posts.

282

16/04/22

20:41

Post #: 60883172
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Originally posted by Maccajohn: ↑

Thee is an old saying - those who do not learn from history are doomed to fail.

However, this time it is unclear how cryptos will influence POG. Some observers suggest they have already had a negative impact on POG ie POG has not increased as much as it should have. How much truth is in that view is unclear to me - price of cryptos seem to correlated to the share market rather than as a store of value (based on recent media articles I have read).

If the sharemarket does fall significantly from rising interest rates, which IMO may take until 2023, we are likely to see POG rise ( as gold is seen as a store of value when other assets fall). IMO the strong US dollar has kept the POG much lower (The US dollar has risen significantly over the last 2 years). If the US dollar falls significantly then POG will increase significantly ( there is a strong negative give correlation between strength of US dollar and POG). If the US sharemarket falls significantly, which is seen as the most over valued market ( from articles I have read) we may witness a large increase in POG.

I agree that small and medium size gold companies and explorers will see the biggest increase in SP when POG rises.

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I agree with you 100 %.

NVA Price at posting: 87.0¢ Sentiment: Buy Disclosure: Held
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Last 16.0¢		Change 0.015(10.3%)		Mkt cap ! $35.31M

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No.	Vol.	Price($)
3	86960	15.5¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
5	91097	0.155
3	49999	0.150
4	89707	0.145
4	280000	0.140
3	127000	0.135

Price($)	Vol.	No.
0.160	24740	1
0.165	12000	1
0.170	50000	1
0.175	10000	1
0.180	37701	4

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