Why is Gold down with inflation at 5%?

Discussion in 'Commodity Futures' started by kmiklas, Jun 18, 2021.

  1. horizon

    horizon

  2. %%
    SLV is moving better than GLD;
    but i haven't checked the junk metals market lately. Amazing how the metals market moVes better than those paper products deriva............
     
    #52     Aug 9, 2021
  3. Nine_Ender

    Nine_Ender

    Last year, it took a huge effort to rise above $1700. I suspect ignoring random flash moves this area will hold and if it does many Gold miners are really cheap. Silver has potential but the silver miners put up poor earnings last quarter they need to post better numbers now. I'm seeing very solid numbers on almost every Gold miner this latest quarter and the market hasn't really recognized it yet.

    I see most of the miners at this point as being "show me" earnings plays. If they made decent money last quarter they likely can make the same or better for several more quarters if Gold holds $1700.
     
    #53     Aug 9, 2021
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  4. %%
    CPER,copx, seems to be the new GLD;
    i sold some in cash copper $crap market today . Maybe transitory prices in copper....................................................................................Good long term uptrends on cash copper+ silver.
     
    #54     Aug 9, 2021
  5. maxinger

    maxinger

    up it goes after piercing through the 1835 resistance level.
     
    #55     Nov 10, 2021
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  6. CannonTrading_Ilan

    CannonTrading_Ilan Sponsor

    #56     Nov 10, 2021
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  7. maxinger

    maxinger

    who knows, it might reach hit soon.
     
    #57     Nov 10, 2021
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  8. CannonTrading_Ilan

    CannonTrading_Ilan Sponsor

    upload_2021-11-10_6-49-24.png
     
    #58     Nov 10, 2021
  9. xandman

    xandman

    This breakout could be on a short leash. With Tapering, real returns are bound to bounce back.

    upload_2021-11-10_12-2-24.png
     
    #59     Nov 10, 2021
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