So I've always thought that investors turn to them in a down market but apparently is not the case lately. They have been selling off and look to have more room to fall. If even gold and silver aren't holding then what the hell are we in for?
So I've always thought that investors turn to them in a down market but apparently is not the case lately. They have been selling off and look to have more room to fall. If even gold and silver aren't holding then what the hell are we in for?
Better to invest in a mining stock that pays a dividend. Look for one that has gold, silver and Copper. Maybe RIO.
It's all about the dollar strength now. Gold and Silver, and bitcoin for that matter, weren't the hedges against inflation we thought they were. As long as QT continues, money supply shrinks, dollar gets stronger, gold, silver and oil and any other commodities will go lower. The question is how much QT is already priced into these markets. Maybe as the rate of QT stabilizes, the dollar will stabilize. I'm not sure how forward looking currency markets are. With stocks we price the stock on future earnings growth. With currency I don't know. But we have alot more QT/money supply to shrink. Not sure when it ends.
They're eating the Penguins, they're eating the seals...
DXY went nuts today. TNX is at a level last seen in 2010. Looking rough out there
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