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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.63

-1.4%

Oct 31 4:00 PM EDT

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To: kidl who wrote (115819)	11/14/2023 2:09:33 PM
From: Real Man	of 116741

It’s like 2006 in Real Estate. We are back to ARMs and crappy loans and properties are not moving, but the market has not dropped yet, except in some locations. Nobody can afford to sell home financed at 3% to buy one at 7-8%. Cash buyers? Yeah. Renters? Yeah, the job market has been strong, the floodgates will open to the downside when it gets weak and people have to sell with no buyers. Housing prices will drop. Recent purchases were financed with ARMS to reset in a few years. The craziness of 2005-2006 is back.

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