I'm not convinced we're through with the rate hikes. In the gold market, the pattern is a higher high and a lower low. That's not a set-up you want to do much with.
The world is awash in debt. The U.S. has the most indebted government in the world. Eventually all fiat currencies return to their intrinsic value – zero.
Gold achieving new nominal all-time-record highs sooner or later will greatly rekindle investment capital inflows, accelerating this upleg as traders chase gold’s gains.
