#Gold down again but the #HUI don’t care and either do I. $NEM Newmont 4% dividend. Golds stocks are value plays and many with growth. #Gold will be $6000-10000 in 5-10 years. Forget the noise and get long
Again, I laugh when I see short term commentary about gold says deflation coming. In the last 20 years gold has gone from under $300 to $1700 ~6x And the DOW has gone from 10k to 30k 3x. $DJI, $QQQ, $SPX is stupid expensive and full of risk.
If we are gonna have rates actually back up and deflation then then the major indexes will all get at least cut in half. But the catch 222 is...
The banking system will collapse. House prices will collapse. Property tax revenue will collapse. Corporate tax revenue will collapse. And guess what?
Your city, muni, state, province, and federal governments all are completely unable to fund themselves and struggle to pay interest in their debt even in an ultra low interest rate environment. They will all be bust...
So forget what they say, ignore the Fed and central bank commentary. Be smart and focus on 10 year investments horizons. It’s not what they say it’s what they do. All they know is printing. Every time the economy slows or the banking system falters they print and monetize
Volker had his fight with inflation in the 70’s and then gave up when everything started to fall apart. Ever since interest rates of made lower highs in each up economic cycle and lower lows in each economic down turn
If you want some defence on the field then short the spy and qqq and stay long gold and gold stocks. (I also love commodity stocks). Never been cheaper vs overall market
Even this week I think the $QQQ is off ~4% and Newmont is up a little. Trust me.. smart money is buying gold stocks here. They are cheap and bottoming.
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