Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (68681)	9/21/2022 1:16:31 PM
From: Jacob Snyder	1 Recommendation Recommended By ajtj99 Read Replies (2) \| Respond to of 97543

Gold: $1675 support may be failing, schrts.co because: 1. US$ continues strong 2. Fed committed to killing inflation at all costs 3. Real interest rates expected to get less negative, maybe even turn positive next year GOLD (the stock) doing much worse than the metal. schrts.co Keeps making new lows, now chopped in half from the 2020 high. This, in spite of near-zero net debt, raising the dividend, buying back stock. The risk is entirely macro and sector, not the company. The stock price may be anticipating further declines in the gold price. Also, mining costs (energy, labor, equipment, political permission) keep increasing. I took a small starter position at $15.75; have not added, and am now re-evaluating. If $1675 support fails, gold (and GOLD) could fall a lot further. Message 33985418 still seems correct, which would not be good for gold.