Loading ...re your..”
We know what happens as soon as we get complacent/happy…the clubbing starts.
NEM is down on the day, which does not portend well, at all…..and what was a looking like v fast recovery, was stopped and reversed..
and look at the way the S&P has recovered…..I’d say what we have so far is being ‘allowed’..no more.
Comment:
NEM charts looks fine to me, even thought I would never buy it, its too big like a fund to me. A lower price portends well for people who want to buy. We really don’t need a V shaped fast recovery because that means higher rates and higher Dollar and a head wind on the US economy. As for the SnP so high in the graveyard in the sky? Who cares?
To me its just people buying an inferior or different “inflation hedge”. In our case Gold and Silver imo is rising because of the worn out 1913 Fed Res Note DBA illegally or fraudulently as “US Dollar” and the dopey/dollar past of constantly losing value over time, has a bad reputation or track record, and mechanically losing preference against Gold. The original US Dollar.