Loading ...I may feel like many bugs when something is due but don’t try to speculate on it.
That’s no different than gambling your money away. It reminds me of that game roulette game where you can bet on red or black. It hit one color multi times and people throw all this money on the other “ because it’s due.” I did figure out that game although I only saw it a few times but won a friend I met up with in Nevada a lot of money on it once when he asked me to take over for him for a while.
It wasn’t the colors it was the numbers and the velocity of the wheel with the little marble spinning around to where approximately it was going to go to next. Then my friend comes back goes wow I gave it back to him and what did he do give it back and those colors were part of it because they were due. Frigging idiot.
Physical is one thing, producers making money are one thing but we’re not in a environment that gold likes. The ones in debt and not making money, it’s not going to make a difference if gold goes up or not if there NOT producing it or enough to both pay their debts and make money off of it. Maybe a day or position trade and risky even then if the market is in a situation that’s good for gold but right now it isn’t. Even with the dollar going down I don’t think that’s gonna last but you just have to watch. It’s not just the dollar so would likely be temporary anyways. And with these miners not making money plus energy costs going up with it there at real risk of going under right now.
If your gonna go long I’d stick with the established producers that know how to run a business not some guy who the thinks they hit the jackpot somewhere not sure how much and no clue how to run a business and no money. Once it gets going maybe take risks but when then be careful if they need money because by then if they do borrow and can borrow is the question and not established theres gonna be high interest attached to it so they better be making money to pay it or day trade the specks and get the heck out.