IKN

Win us with honest trifles

Gold’s price move begins

Have to say, I’m glad the house change of stance was put on record (1) in this weekend’s IKN668 op-ed (as seen in here on the blog yesterday) before this happened (2):

However and to repeat, not at all glad about the reasons.

Events come quickly now.

7 Comments

    A Beaten Down Prospectors Cabin In The Woods The Deep Dark Woods of British Columbia 08/03/22 10:06 am

    Why is NGD such a dog? … Gold within millimeters of its all time high, and NGD just aprx 14% of it’s all time high

    Reply

    Wow! Bold call there. *rolls eyes*

    Reply

    Speaking of gold, you might have already seen them but Dominic Frisby has been doing some very good videos lately. https://www.youtube.com/c/MoneyandMarketswithDominicFrisby/videos

    Reply

    Gold is up 11.5% on the year, silver is up 15% and platinum is up 22%. This trend will continue this year. I dont get the authors hate for silver. Im long all 3 in physical form.

    Reply

    An old and wise trader once told me that when something spikes due to geopolitics you need to sell all you have and all you can borrow. People panic buy and change their minds. Those are never sound decisions.

    The easiest trade is sell the 2nd or 3rd day of any geopolitical spike.

    Look at oil, look at gold. Both will now end lower than where they started because the panic buyers are trapped with losses and they never wanted to buy in the first place.

    Reply

      I have been in the same camp for many years, but in this case the geopolitics have created big changes in the financial world and (i am going to say it) this time is different.

      And i’ll add that i’d be happy to be wrong.

      Reply

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