If you are concerned that the U.S. could pull the "dollar rug" out from under you, why not pull out from the dollar system first? This seems to be China’s strategy.
Bottom line: If MSFT continues to pussyfoot beneath $430 and to fall further from the ‘Hidden Pivot’ with each selloff, investors had better prepare to pack up in May and go away.
Assuming bullion prices hold through the end of June, the rise in gold prices could provide a nice bump to miner earnings starting in the current quarter.
"This latest drill program confirms and expands upon a high-grade gold feeder zone within the East Pit," stated Mr. Allan Turner, Vice President of Exploration for Fortitude Gold.
Gold has broken out, and Silver is in the process of breaking out just as storm clouds (stagflation) gather on the horizon. Fear of the 2008 Boogeyman is very strong, but if you think precious metals will get hit, you are misreading the situation.
The company will release its unaudited financial statements and MD&A for the first quarter on Tuesday, May 7, 2024, after the market closes.
Gold rising despite rising long interest rates and a rising US$ Index is interesting, as it appears to indicate a shift in sentiment. Yes, we have the fear trade, but we also have inflation eroding all fiat currencies.
