GOLD - The Ultimate Hedge Against Fiat Currency Risk
Updated
Hi Traders,
If you have followed my trades for the past few years, you already know that I am very bullish on gold and bitcoin, for ultimately the same reasons - Fiat currencies are dying.
Global debt levels are unsustainable, even at these low rates, and central banks are backed into a corner, with no options left but to drop rates to 0% again - this scenario is extremely bullish for gold. We can already start to see that the price is starting to break out here - indicating that the market is not buying the fed guidance for raising rates, and we are calling their bluff.
I see the beginning of a bull market in gold that will last decades, and yield 300%+ during this time period, as real money (gold) begins the process of accounting for the 60+ years of currency inflation (dollars).
TA:
$1,350 is the critical resistance level to take out. (very close now)
$1,500 will be a very nice long-term price for the average joe.
$2,000 (previous ATH) is where you will probably end up buying.
Target #1 - $5,000
Holding period - 10 years
see additional information below.
Please do your research.
Best of luck, hit thumbs up
If you have followed my trades for the past few years, you already know that I am very bullish on gold and bitcoin, for ultimately the same reasons - Fiat currencies are dying.
Global debt levels are unsustainable, even at these low rates, and central banks are backed into a corner, with no options left but to drop rates to 0% again - this scenario is extremely bullish for gold. We can already start to see that the price is starting to break out here - indicating that the market is not buying the fed guidance for raising rates, and we are calling their bluff.
I see the beginning of a bull market in gold that will last decades, and yield 300%+ during this time period, as real money (gold) begins the process of accounting for the 60+ years of currency inflation (dollars).
TA:
$1,350 is the critical resistance level to take out. (very close now)
$1,500 will be a very nice long-term price for the average joe.
$2,000 (previous ATH) is where you will probably end up buying.
Target #1 - $5,000
Holding period - 10 years
see additional information below.
Please do your research.
Best of luck, hit thumbs up
Comment
Comment
The first bullish daily breakout move.Comment
Fed Funds Rate targetComment
Comment
DB - Europes largest bank similar situation to Lehman in 2008 - another 50 % sell-of incoming Comment
Gold vs Cad already at previous ath Comment
^^ bull flag
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