a re-visit on gold
Updated
gold is holding very strongly with a massive healthy wedge forming possibly on top of a multi-year cup and handle - if my autism is calibrated correctly, we are looking at a minimum of 22700/OZ for our favorite shiny boomer rock
inflation is high, rates are low; fed is in an impossible situation. save the dollar and crash the economy? or crash the dollar and save the economy in nominal terms? gold under 2k in today's economic climate seems silly cheap in any case.
inflation is high, rates are low; fed is in an impossible situation. save the dollar and crash the economy? or crash the dollar and save the economy in nominal terms? gold under 2k in today's economic climate seems silly cheap in any case.
Note
apparently the threat of WW3 is good for gold/silverNote
so far so good... expecting a re-test @ 1900/oz and then firm move to 2k+ this yearNote
no re-test here if 2k holds... looking like a good year for goldNote
re-test complete I think 1900 will be the new low for a bit before we continue upwards. maybe a brief plunge below to wreck leveraged traders. good place to get some bids in if you aren't in yetNote
ouchNote
"Chair Powell: We now know how little we understand about inflation."Note
OUCHNote
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