I am noticing something today that I saw recently and in the past. The price of gold is steady/rising overall and then Australian gold stocks are sold off heavily. I saw it a few weeks ago on a Monday when gold was steady and there was no reason to sell off stock. Guess what happened Monday Night? Same thing seems to be happening today. Gold has been rising steadily but this is not being reflected in gold stocks. Newcrest is currently down over 3%. The overall market is up. Something stinks here.
Shake the tree See if any loose hands let go Regular trading opportunities if you have the stomach for it Cheer$
nothing to see here, the senile old bastard can't even decide the criteria for whether Russia has 'invaded' or not. expect more sabre rattling and the West saying (lying) about them having 'intelligence' that Russia is going to invade. Russia has already achieved what they want - Ukraine is destabalised and piss scared to join NATO or the EU. Brandon is like playing chess like a pigeon shitting all over the board, Putin is make all the necessary moves. Western sanctions on Russia like cutting off the Nord Stream II will bite Europe in the arse when they freeze their balls off in winter without Russian gas. So for now, just more volatility in risk-on assets until the sabre rattling subsides, at which point gold will drop back a little bit. Russia won't invade, Ukraine remains scared of joining NATO & EU, US & Europe go back home to find the next bad guy to hunt down.
I'm starting a rumour. Canadia is going to invade the USA sometime next week. Maybe the next century. But they will I'm telling you now.
Next one is Where ? Are they going to invade next ? At lest India is safe Maybe Texas as they barbeque so much
BTC is volatile so swings of 20 - 40% are expected, though not always welcome. The market is not the most rational place in the world at times. Gold on the other hand is fairly stable so the expectation is that it shouldn't deviate in price too much. When it does that either gets a sector of the gold community euphoric or despairing and scrambling for answers that may not actually exist.
Gotta love the pessimism that always abounds when Au declines a tad....I'm still happy with the AUD130 oz (5%) appreciation in value since 1 Jan 2022. It's going take a near AUD400 oz drive by to even get back to March 2021 levels.