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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: Rarebird who wrote (116185)	6/7/2024 10:35:23 AM
From: Real Man	of 116788

Not betting against gold, it’s just a 0 yield currency. These markets are more about leveraged bets than anything, and that’s why the valuations can go insanely high before crashing. Gold is a part of that derivatives play, a zirp loan in the world of 5% loans. GameStop stock is getting squeezed again roflmao. The Fed has been spiking the punch bowl. Same with ECB. Highly overleveraged banks are their top priority, so volatility will be suppressed forever. Higher volatility is like higher interest rate, it gets sold, ergo, markets move higher regardless of valuations.

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