If it doesn't go down when it should
HUI & GDX are Gold Companies stock indexes
when rates go down it's good for gold
when USD goes down is good for gold
Below I show 2 graphs from the great Stefano Bottaioli and the situation this year.
In 2022 USD & interest rates have been going up. That was not great for GOLD. Gold is down 2% in USD, Gold companies HUI & GDX are down more.
When USD & rates start to ease GOLD will shine. Why not do something when is not yet fashionable. GOLD is not fashionable now.
NOTE: Never buy anything on a tip, do your own work or speak with a financial adviser.
Share story
0 comentários: