Just remember for the stint from 2004 into 2006 as the FedFunds Rate rose from 1.00% to 5.25%, the price of Gold increased 59%! We can thus get started with Gold 1900, then Gold...
The bottom line is today’s big inflation will spur gold investment demand, driving gold prices much higher. This first inflation super-spike since the 1970s is fueled by the Fed’s extreme QE4 money printing.
Breakouts late in the cycle usually fail.. USDX case in point. Gold has not been successfully pushed below the 200 dma. Trouble keeping the gold price suppressed with weaker USDX..
Clearly, a buy and hold approach is superb for gold, but for the miners, and for silver, a more tactical approach is required. America is in month 18 of a 60 month war cycle...
