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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.75-0.5%4:00 PM EST

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To: Rarebird who wrote (115883)1/6/2024 11:11:45 AM
From: Real Man   of 116791
 
I mean, it’s nice not to have your state tax gold sales, but I don’t expect this to have any effect whatsoever on gold supply and demand picture since most demand is coming from China and India. I bet Chinese slowdown is affecting gold a lot more than anything in the US. The US is #6 gold supplier in the world so the news is not entirely significant for the supply side either. If there is high inflation in major economies gold will sky, but that is a separate issue from some states choosing not to tax gold sales.
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