Georgios Papadimitriou @Isbelle: "Hello investors and thank you..."

Greece

Hello investors and thank you for your trust! I wanted to start out by making it clear to all my copiers tht our portfolio, taking into consideration the Russian stocks, whose prices caannpt be reflected yet on etoro, is indeed in positive territory for the year. Therefore, I would recommend you think twice if you are considering removing your funds at the moment as this action would be the equivalent of giving away some very good trades we made at the start of the war in Ukraine which are up 3x 4x 5x, like Sberbank for instance. I also wanted to address the price of $GOLD in relevance to the stagflation environment we're dealing with. it seems to me that every time a higher than expected inflation number for CPI comes out more people think the Fed will get more aggressive with hiking rates in their effort to "bring inflation back to 2%", in turn making the dollar stronger and taking the price of gold lower. The thing is the Fed can't fight inflation because even if it hikes by 100 bps instead of 75 bps, you still have 5-6% negative real rates. And that environment still encourages borrowings, not savings. You have to hike rates at 10% to battle inflation as high as it is now. Yet that would crash the economy like nothing before. When all these rate hikes start hurting the economy, then maybe investors do get it and start buying gold and other metals. That is why I'm accumulating gold and silver mining stocks (as well as physical gold and silver) and will keep doing so. Lastly, the fact that gold is holding up so well despite the dollar being so strong is to me another indication that it's almost bottoming out adn getting ready for the next bull run with the help of the right trigger. - $B (Barrick Mining Corp) $PAAS (Pan American Silver Corp)

3 Mentioned

GOLD

Barrick Mining Corp

PAAS

Pan American Silver Corp

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