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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Real Man who wrote (116183)	6/7/2024 10:20:43 AM
From: Rarebird	Read Replies (2) of 116786

Yes, Gold is giving back its gains from the two previous days. But keep in mind that we are living in the best environment for Gold: Stagflation. Stagflation, simply speaking is when the inflation rate is considerably higher than the growth rate. I would not be betting against Gold here. The next move by the Fed will be a cut, in fact, a series of cuts. Labor market is strong and tight. If it wasn't for all the illegals, the labor market would be even tighter with wage pressures stronger.

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