[Long] MTA
Imagine being able to go back to pre-COVID time and buy a gold royalty company. Before you knew the US deficit and Fed balance sheet would go supernova.
Well, this one (and SAND) are almost there. I added some more on today's dip. If they go down further I will just keep adding.
Gold held up well today considering the weakness in SPY & QQQ. Maybe the correlations are changing? We'll see.
Well, this one (and SAND) are almost there. I added some more on today's dip. If they go down further I will just keep adding.
Gold held up well today considering the weakness in SPY & QQQ. Maybe the correlations are changing? We'll see.
Note
Note
Poking out of a wedge this morning on GDX +2% gap.Could still test lower as I see upside risk in the DXY.
But soon the reality and inevitability of the massive US deficit will dawn on markets. Anyone notice how they don't talk about the budget deficit AT ALL during debates?
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