Chesapeake Gold Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Chesapeake Gold

CKG.V 2.380

+2.6%

Nov 26 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: larry1034	1/20/2021 9:20:02 AM
	Read Replies (1) of 9054

Bidens Stimulus plan combined with all the other stimulus. Whos going to suffer.. Quote from Market watch. Dated 1/20/2021 Potential losers: Gold and gold-mining stocksGold GC00, 0.49% finally had a great run in 2020 because it was a “fear trade.” People tend to go to gold in times of uncertainty because they think this protects their wealth. Now with all the stimulus, fears of a recession will keep declining. This is not good for gold, gold exchange traded funds like SPDR Gold Trust GLD, +0.85% and gold stocks. The yellow metal will suffer a double whammy as interest rates rise. That’s because a big part of the cost of owning gold is the opportunity cost. Put money in gold and it can’t be earning interest in bonds. When bond rates are super low as they were in 2020, no problem. Now with the 10-year yield rising, gold investors will catch “yield envy.” They will sell gold to get yield. Also, not good for gold. For more on why it’s risky to own gold now, So in other words were screwed again, JMHO

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next