I was betting the gold price reaches $1600 or over but it seems not feasible in the next few months. I'll nevertheless keep 1 gold stock in the portfolio but I doubt this one is the one I shall keep as Saracen, Resolute, St Barbara, etc all perform better than OGC.
I do notice that even the above-mentioned gold stocks are underperforming the market recently, Will they become like the lithium ones?
Of course I know the lithium ones have their particular factors (for the downward trends) however I grow my doubt that maybe gold is becoming less and less important safe heaven during economic uncertainty: could it be because of the digitalisation of the currencies?
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I was betting the gold price reaches $1600 or over but it seems...
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