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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.27-0.2%Nov 21 4:00 PM EST

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bull_dozer
Dr. Voodoo
ggersh
To: ggersh who wrote (156548)4/15/2020 10:26:08 PM
From: TobagoJack3 Recommendations   of 217996
 
gold chain breaking, and so even though the mines are shut down, the value rises, as gold in rocks be worth more more than gold-not-in-vaults

On 15 Apr 2020, at 9:13 PM, H wrote:

The attachment shows what happened on the Johannesburg Stock Exchange yesterday (look at the size of the moves) - and note that these miners are in lockdown, i.e. their operations are on care & maintenance at present. The point is this: the sector is so small, that even a smidgen of buying interest from larger generalist investors can move prices enormously. And imo generalist interest has only just begun to shift a little bit toward the sector. This is likely to intensify after the earnings season. There is a lot of money sloshing around after the recent printathon, so where are they going to put it? Some of it will find its way into the gold sector. If I'm not mistaken the market cap of AAPL alone is between 8 to 10 times the market cap of all gold stocks in the world combined.

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