gold pushes up after stocks start tanking
In this chart I compared previous ''alike'' situation with the SPX and gold. In 2007 when the financial crisis started stocks started to shit the bed. Currently stocks are moving up beyond everyones expectations. Driven by printed money BRRR... and people looking to earn interest and pushed by other retail traders.
2020-2021 might be the big breakthrough for GOLD. If we get a correction, it looks smart to get into gold if you're not already in it. The end we are going the feel the pressure of all this printed money. As soon as there's a vaccin the printer might shut down and so will the Stockmarket.
There are other factors that could as well suddenly abrupt stock markets.
Gold might have been pushed down for years but could be once again the most sought product in the world. Since more and more people are getting aware of the devaluation of our beloved money.
Gold price will also be good for banks. Who might have to take big losses on outstanding loans. State owned banks are pilling up gold (reserves). In case of gold doing a 3x their losses on loans will be less of a burden.
Anyway this will not end well for private banks and states WILL have to chip in to not get a total disaster all over again. In the end we created this enormous monster by not resolving 2007-2009 credit problems, yet we started adding to the problem. NOW is the time to get a full payback of what we created during the last 12 years.
Kind regards,
Michiel
2020-2021 might be the big breakthrough for GOLD. If we get a correction, it looks smart to get into gold if you're not already in it. The end we are going the feel the pressure of all this printed money. As soon as there's a vaccin the printer might shut down and so will the Stockmarket.
There are other factors that could as well suddenly abrupt stock markets.
Gold might have been pushed down for years but could be once again the most sought product in the world. Since more and more people are getting aware of the devaluation of our beloved money.
Gold price will also be good for banks. Who might have to take big losses on outstanding loans. State owned banks are pilling up gold (reserves). In case of gold doing a 3x their losses on loans will be less of a burden.
Anyway this will not end well for private banks and states WILL have to chip in to not get a total disaster all over again. In the end we created this enormous monster by not resolving 2007-2009 credit problems, yet we started adding to the problem. NOW is the time to get a full payback of what we created during the last 12 years.
Kind regards,
Michiel
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