Long

🏛GOLD Bubble Burst OR Lifetime Buying Opportunity?🚀

☑️As you can see from the chart
Gold is now experiencing the biggest correction in 3 years
The precious metal lost almost 20% of its value in 9 months
All that while the fed and the treasury keep pumping the system with dollar liquidity
S&P500 is setting new all time highs every week
And all other commodities and crypto are growing

One might say, that gold is a safe haven, and that once the coronavirus panic subsided
The investors pulled their cash out
However, if you take a look at the previous 15% correction
It took place at the peak of the coronavirus panic in the markets
Which means that EVERYTHING was falling, SPY, BTC and GOLD too!

Hence the question: When(not IF) S&P500 starts falls by 30-50% again
Will we see a buying surge in gold, or will we see the same reaction as in 2020
When all asset classes were falling?

This question has no clear answer in my opinion, but gold with a 20% discount seem like an interesting buy to me!

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