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Thursday, April 04, 2024 9:23:52 AM
The gold price fell 34% from its high when the markets tanked, but that set up the huge parabolic move higher in gold AFTER the correction. The move in gold was basically straight up from that low. A parabolic move that I expect to be repeated in this cycle.
I believe whatever the reason for the coming crash/downturn will be deflationary in nature causing liquidity issues, which in turn will have the Banksters opening the fiat money spigots AGAIN. That's their only option. That should be the perfect storm for the gold price and soon afterwards, the miners.
IMO how deeply the gold price falls will depend on the specific circumstances surrounding the crash or possible geopolitical events that appear on the horizon. I'll be fully invested in my mining shares at what I deem the bottom for the gold price and mining shares.
I would definitely agree that tech and the severely overvalued areas of the stock market will suffer the most. A lot of the money coming out of those grossly overvalued sectors of the market will be the catalyst for the move higher in the mining sector.
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