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Gold/Mining/Energy : Gold Price Monitor
GDXJ 43.22+2.4%3:40 PM EDT

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To: Horgad who wrote (115204)10/10/2021 9:40:38 PM
From: Rarebird1 Recommendation

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Manipulation is omnipresent in the financial markets. It is incumbent upon the investor/trader to take note and use manipulation to their advantage. Nothing unusual about what goes in the Gold market, except that most Gold bugs constantly whine and bitch about it.

The Fed is the biggest manipulator. It is amazing what the Fed can do to levitate markets. And don't think I don't know that markets move in both directions. SPX will fall very dramatically in 2-3 years once the Fed takes away the stimulus and starts tightening to much.

We are in a way in a stagflationary environment except for the fact that the unemployment rate is falling and growth is still strong.

Gold is not even an insurance policy. With real rates rising, along with the USD, the shiny yellow metal is doomed.

The Fed manipulated interest rates lower and gold responded and hit new all time highs. Now that manipulation is soon going to be reversed, Gold is now headed lower, much lower.

Actually, I question the sanity of Gold bugs to even think that Gold can represent an insurance policy to begin with.
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