If you ask anyone on the street, 'Do you think living expenses and food prices will be higher in a year or two from now?' 9 out of 10 will likely say 'Yes.' This means inflation is still a concern.
Risk 1, U-turn in inflation. Risk 2, An expansion in geopolitical tension Risk 3, A delayed recession in 2024
Comex Gold Futures & Options Its Minimum Fluctuation 0.10 per troy ounce = $10.00 Code: GC
Micro Gold Futures & Options Its Minimum Fluctuation 0.10 per troy ounce = $1.00 Code: MGC
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@RogueCleaner, Gold has been trending up since year 2000, consolidated over the past years, and a good chance for a serious breakout after the closed of 2023 as mentioned in the video.
RogueCleaner
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@konhow, gold has been going sideways for 3 years now. expect another spike higher.
RogueCleaner
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yes. I dont expect rates to be cut this year as the controlled media has been saying. expect higher rates. house prices and other asset prices are still rising.
konhow
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@RogueCleaner, Even there is a few rate cuts, it could be a retracement and may rebound again. Yes, all these hard assets are still very firm, therefore inflation concern is still a valid point. Invest cautiously, and that's my theme for this year.
RogueCleaner
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@konhow, I expect a crash. the crash has been avoided for decades now from continuously inflating asset prices as you do in a centrally planned economy. Eventually the drug addict will feel nothing as the the body becomes resistant to the effect of the drug. expect the same effect from cheap money policy.