Has the dead cat finished bouncing?

EdGasketTheSecond

You are wrong on all counts.

Sailtheworld

EdGasketTheSecond said:

You are wrong on all counts.

Always a possibility which is why I haven't bet the farm on being right.

There's a really good possibility that track and trace isn't going to be fit for purpose. I've watched a family member go through the recruitment process - she's a former midwife and current health visitor with all CRB checks & professional memberships up to date. The process is nothing short of shambolic. Assuming the app works (a big assumption) and people haven't lost faith in the government and actually download it (another big assumption) we need to pray that new cases decline rapidly of their own accord because otherwise there won't be the manpower to do the contact tracing. 

EdGasketTheSecond

If you spent as much time studying the macroeconomics as you do posting on here you would realise that the circumstances are currently very favourable to gold and gold stocks.

Sailtheworld

EdGasketTheSecond said:

If you spent as much time studying the macroeconomics as you do posting on here you would realise that the circumstances are currently very favourable to gold and gold stocks.

So it's obvious I could make a decent return but it's not already priced in?

How much time have you spent studying macroeconomics such that you can front run the market? 

Malthusian

The macroeconomic circumstances for gold were also very favourable during the last market crash, when the banking system was collapsing, the debt bubble was bursting, global trade had ground to a halt, a decade of recession was underway, etc etc, and only shiny metal could protect you from quantitive easing. That worked out well for gold and gold stocks, didn't it. (L&G Gold Mining ETF +35%, S&P GSCI Gold Spot +117%, FTSE World +321% since March 2009.)

Jim1980

Precious metals are currently at the start of a bull run in my opinion. Which makes them a great buy at the moment. This is over by no means it has only just started. There will be a financial event before the end of the year that will be bigger than 2008 in my opinion. Personally I hope I am wrong and life goes back to normal. Unfortunately, I can't see that.

Prism

Gotta love all the armchair economists. 

Jim1980

Thank you, life is all about opinions. I might be wrong.

ColdIron

In the words of the Irishman when asked for directions - Well I wouldn't start from here

And I say that as someone who is positive about gold. Just not now

https://www.bullionbypost.co.uk/gold-price/5-year-gold-price-chart/

itwasntme001

Jim1980 said:

Thank you, life is all about opinions. I might be wrong.

There is a difference between well educated opinions backed by evidence and opinions backed by biases.  When it comes to opinions about markets it is safe to say opinions fall in the latter category.  Opinions backed by biases are utterly pointless.