Gold Price Monitor 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 : Gold Price Monitor

GDXJ 107.29

-0.9%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Real Man who wrote (115924)	1/31/2024 7:42:29 PM
From: Rarebird	of 116791

Pressure is continuing to build to the upside in regard to Gold and the Miners. Gold always responds with a lag to a plunge in yields in the 10 year bond. But respond it does. I know it hasn't been easy; it rarely is with this sector. Should be interesting to see what the 10 year and TLT do over the coming days. Powell was quite adamant that everyone on the FOMC agreed that rates needed to be adjusted downward. Market sold off because it wanted the first cut in March. The FOMC wants more assurance that inflation is coming down. I think we witnessed a stock market temper tantrum of sorts this afternoon.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next