Government of India has launched various gold monetization schemes. I am sure that they will be highly successful in 2022-2023 fiscal year. This will reduce India’s gold imports.
The fundamentals are horrific. The Fed has deliberately created house market inflation for America’s wealthiest investors and now the average home buyer can barely afford a down payment.
However, when the market and/or the stock is topping out, it will take some time before you see that in the earnings of the company. And, when you finally come to this realization..
Gold broke the uptrend line and failed to breakout higher. Will the gold cartel be able to break the $1,750 area pivot? Trying to trade gold is nearly impossible in a market like this.
