Disclaimer: In no way, shape, or form is this financial advice. Invest and/or trade at your own risk.
It looks like gold and silver have been slowly trending higher with minimal gains but are holding their price levels. We could easily see an explosion to the upside given the current global monetary environment we are in.
Barrick Gold (Ticker symbol: GOLD) came out with good earnings (beat on both EPS and Revenue) and has seen some gains (over 10% increase in the past five days).
In my opinion, I still think the mining sector is massively undervalued and a ton of money will pour into the industry once more and more people realize the dollar is becoming worthless and bitcoin (and other cryptocurrencies) are a fad and/or scam. Plus, Revelation 6:6 (ESV) mentions denarius, as I’ve said, which is a Roman silver coin. The question is the following: does it literally mean a physical silver coin?
Bitcoin has seen a sell-off and is now under 40,000. Here is an article (https://jesuschrististheking.com/cryptocurrency-is-a-scam/) on why I think current cryptocurrencies are not good investments…maybe a Central Bank Digital Currency (CBDC) will be created, however.
The conflict between Russia and Ukraine is not letting up, and it could be prophetic (in regards to Ezekiel 38-39).
On a positive note, the Church of Christ will prevail in the end despite the dark times we are living in.
This verse holds true: Trust in the Lord with all your heart and lean not on your own understanding (Proverbs 3:5, NIV).