The 2008-2021 theme for America is high debt, a peaking population, rampant money printing, and “over the top” meddling. A pullback to the $1835 triangle apex on the gold chart may or may not happen...
Sometimes you feel like a beginner sometimes in these markets because war and inflation environments all at very unique. Gold's 18 day moving average / resistance is near $1,955.60..
If you want to trade gold on a short to medium term, you will need to understand the manipulation in the gold markets. Gold is set-up to fleece the gold bugs...
Regardless of which side of the Russia/Ukraine/U.S./NATO conflict you might associate, it has without question shined a bright light on the dollar’s diminishing status as the reserve currency.
The almost 10% surge in gold prices since the start of 2022 is turning into a boon for bullion dealers. Demand for bars and coins, especially in Western nations, hit 1,124 tons in 2021..
Since 1970 the world has been through a series of financial crises. Each crisis has been progressively worse than the previous one. The solution has been to see the developed world's CBs lower interest rates..
And scary they are -- so much so that the potentially world-shaking geopolitical disaster in Ukraine ranked only seventh on one well publicized list of Americans' biggest concerns.
