Gold price drop is rather silly. At $4500, central banks are accumulating. The excuses for gold price drop is supposedly oil prices going up and Fed not reducing interest. 1. less oil or more expensive oil would means less gold available or more expensive gold going forward but oil prices don't affect gold already mined. 2. War = expensive oil which gold mining requires , meaning more higher ASIC in future, so gold will cost more 3. War = inflation and unemployment going up hand in hand - ie stagflation, ie QE, ie value of USD dropping regardless of interest rates. 4 institutions are caught pants down and are setting the narratives so that they can rotate in.
That make senses because with his fund size, and others like GIC or Temasek, if and when they buy or sell, just by entering the market will result in a 5-10% changes. So he is stating the obvious, he only buy if it's cheap, not if it's "fair price "..
Go to the Billionstars or any gold shops that sell actual gold or silver bar, and you will find that Gold is still at US$5200. Silver is still out of stock. Gold didn't crashed, what crashed was the value of the paper that says you own gold. Ever go to a shop that advertises a much lower prices but doesn't have stocks , and doesn't let you pre-order at that price? Comex and all the exchanges are pulling a scam on retail investors. Physical Gold should be at $5200 right now and that should be the true gold price. Invest into miners using this price point . Trump will bomb another country in a couple of days/weeks. New Fed chief even if he comes in will have to lower the rate. Buy while you got a chance, else don't say "I should have bought at the dip".
Gold, Silver Stocks and ETFs Fall Again, but Losses Narrow
Silly reason for a price drop but go ahead. With entire HBM4 sold out for 2026 and it's low Forward P/E below 10, it's a no brainer. There are many China ram manufacturers, no China HBM4 manufacturers
Stock Track | Micron Technology Plunges 5.01% in Pre-market After Morgan Stanley Replaces It with Nvidia as Top Chip Pick
I thought he already won the war ? Probably he place a $500 million bet on market going up this week and short the next . Wait for Friday night and he will send a few thousand Americans to war so that he can short the market on Monday ...
Trump Says U.S. Could End Iran War in Two to Three Weeks
$XAU/USD(XAUUSD.FOREX)$ pretty much where it was supposed to be In the first place before speculative buying caused it to burst to 5600 over 2 days. the overheating together with the huge drop in Microsoft couple with funds doing their yearly rebalancing make this a perfect storm. USD debasement is still ongoing. Central banks are still buying , Trump is still going to cause problems globally.