Possible Gold Scenario
It would make sense to form a small reverse H&S if we want a reversal or even a double bottom would be enough. I don’t know how likely it is for Gold to play this scenario, but I would love it if it does take this route to form a reversal pattern.
I personally would love to see the dollar collapse into nothingness in long term, so that sound money can take over the corrupt USD. It is sad to see this blood-contaminated currency to stay as the world reserve currency. We need a substitute for that currency ASAP.
The enemy of the Dollar is Gold & Silver and history shows that. The world economy can only be saved if the world reserve currency is replaced with sound money. Gold is sound money, but those who are printing the dollar are trying to pull down gold & silver so hard, because they know if Gold & Silver succeed, they will have to go down hard.
I’ve been reading lots of news of Russia and China buying up lots of Gold. I don’t know how true those news are, I just know that the printers of the USD have waged an economic war (+ cyberwar) against China + Russia + Iran.
There is no worse calamity than humans waging war against each other. You can turn a calamity into an opportunity. That opportunity is buying up all the gold and silver you can get.
Unfortunately, the economy of the U.S. impacts the world. The U.S. government says the economy is improving. But when you step into Walmart almost everything non-food is made in China. Maybe it would be better for Americans to manufacture those goods themselves and bring jobs to USA rather than China. The U.S. government says the economy is getting better but they keep printing more dollars and the people cannot live a life with dignity without government handouts. There are Americans who work 2-3 jobs to put food on their table, but they pay a big percentage of that paycheck to U.S. government in the name of tax and the government makes bombs with it to bomb the world. The US economy is collapsing and it must. I also don’t want the economy of the world to be dependent on a country that is on the brink of a civil war and has been at war with the world since its existence. If people are not feeling it then maybe the inflation should turn into hyperinflation for them to feel it.
Story short...short the dollar...Stack and Hodl Gold + Silver
I personally would love to see the dollar collapse into nothingness in long term, so that sound money can take over the corrupt USD. It is sad to see this blood-contaminated currency to stay as the world reserve currency. We need a substitute for that currency ASAP.
The enemy of the Dollar is Gold & Silver and history shows that. The world economy can only be saved if the world reserve currency is replaced with sound money. Gold is sound money, but those who are printing the dollar are trying to pull down gold & silver so hard, because they know if Gold & Silver succeed, they will have to go down hard.
I’ve been reading lots of news of Russia and China buying up lots of Gold. I don’t know how true those news are, I just know that the printers of the USD have waged an economic war (+ cyberwar) against China + Russia + Iran.
There is no worse calamity than humans waging war against each other. You can turn a calamity into an opportunity. That opportunity is buying up all the gold and silver you can get.
Unfortunately, the economy of the U.S. impacts the world. The U.S. government says the economy is improving. But when you step into Walmart almost everything non-food is made in China. Maybe it would be better for Americans to manufacture those goods themselves and bring jobs to USA rather than China. The U.S. government says the economy is getting better but they keep printing more dollars and the people cannot live a life with dignity without government handouts. There are Americans who work 2-3 jobs to put food on their table, but they pay a big percentage of that paycheck to U.S. government in the name of tax and the government makes bombs with it to bomb the world. The US economy is collapsing and it must. I also don’t want the economy of the world to be dependent on a country that is on the brink of a civil war and has been at war with the world since its existence. If people are not feeling it then maybe the inflation should turn into hyperinflation for them to feel it.
Story short...short the dollar...Stack and Hodl Gold + Silver
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.