I see gold $100 higher
Updated
I couldn't have said it better...
"Bank emergency borrowing = tighter lending standards = small business credit crunch = higher unemployment... Tipping point for US$: end of Silicon Valley hegemony, start of entrenched high inflation & budget deficits"
BofA's Michael Hartnett
Technicals:
Bursting strongly through the 50 day moving average with the RSI getting stronger stronger, I can easily see the gold price heading at least 1100.00/OZ higher.
Fundamentally, the environment is ideal to have gold as a hedge. Technically, the chart already tells you where money is flowing...
"Bank emergency borrowing = tighter lending standards = small business credit crunch = higher unemployment... Tipping point for US$: end of Silicon Valley hegemony, start of entrenched high inflation & budget deficits"
BofA's Michael Hartnett
Technicals:
Bursting strongly through the 50 day moving average with the RSI getting stronger stronger, I can easily see the gold price heading at least 1100.00/OZ higher.
Fundamentally, the environment is ideal to have gold as a hedge. Technically, the chart already tells you where money is flowing...
Trade closed: target reached
just like that
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