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MyExesStalkMyReddit t1_j1cvpek wrote

Holy shit are we bringing JNUG back?! About fucking time, rate hikes plus inflation has the dollar making moves. Nobody’s mentioned anything in like 5 years though

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Appearance-Less OP t1_j1cx8h9 wrote

Gold is long over due for a bull run with all this money printing since covid. I learned an expensive lesson that gold pretty much moves opposite of the dollar not necessarily with high inflation. From the early 70s to late 70s, the dollar went from 120 to low 80s. Unfortunately, the dollar skyrocketed during 2022 which caused gold to tank. But it didn't last. The paper fiat dollar is losing value fast. Historical dollar chart: https://upload.wikimedia.org/wikipedia/commons/5/54/US_Dollar_Index_from_Stooq_dot_com.png

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How do you know a bull market is about to start? All the gold tv commercials. I recall the last time they showed this many gold commercials was in '98/'99 and it skyrocketed over the next many years. Gold is about to rumble. Once the fed breaks the job market the dollar will crash more.

By the way, gold has already hit all time highs in other currencies. New highs for gold in the USD next.

It looks like "buy the dip" is alive and well in gold related stocks/ETFs.

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