“Truth, like gold, is to be obtained not by its growth, but by washing away from it all that is not gold.” – Leo Tolstoy
Gold (
GOLD
) has been holding steady for the last few weeks after making some epic moves since late 2018 (When real growth started slowing - fact). Its exceeded its last high 8 years ago which took a while to break-through.
Where do I see it going next? in the next few months Answer: ~$2150 or higher
Why?
1. Growth and Inflation are slowing in Q4 of 2020.
2. Expect the FED to take action, but not before the election (hence the increased chances to visit the $1850 area)
3. FED's actions will try to spur inflation => increased gold price
4. Increased global tensions => increased gold price
5. Its in a strong uptrend because the economic story calls for it
Buy the dips! Sell the rips!
Gold (
GOLD
) has been holding steady for the last few weeks after making some epic moves since late 2018 (When real growth started slowing - fact). Its exceeded its last high 8 years ago which took a while to break-through. Where do I see it going next? in the next few months Answer: ~$2150 or higher
Why?
1. Growth and Inflation are slowing in Q4 of 2020.
2. Expect the FED to take action, but not before the election (hence the increased chances to visit the $1850 area)
3. FED's actions will try to spur inflation => increased gold price
4. Increased global tensions => increased gold price
5. Its in a strong uptrend because the economic story calls for it
Buy the dips! Sell the rips!