GOLD: The original blockchain going to $4,400!
If something similar happens like the 08' financial crisis this is what I expect for the King of Commodities:
Supporting fundamental aspects:
-3mo rates > 30 year!
-Global debt now exceeds $244T. Highest level ever recorded and 3X higher than Global GDP!
-Geo-political tensions
-Sovereign debt experiencing negative coupon rates
-TRUMP
Somehow the SPX is hitting ATH's (all-time highs) during such times. Seems to be a final desperation by bulls to already extend an over-extended market. Real estate markets are also experiencing major bubbles and ATH's even higher than 2003-2007 housing run.
Traditional markets are in perfect position for a major correction. This sets up Gold Bulls nicely.
Review this chart from left to right. Notice when Gold breaks a previous ATH (purple horizontal resistance) Gold breaks to reach new ATH's by 124% to over 300%).
If Gold breaks near $2,000/oz and this is timed with a confirmed recession and panic in equity markets expect Gold Bulls to push prices above $4,000/oz to repeat the 2008-2011 move.
Follow me on twitter for intra day updates and DM me as well with questions or thoughts. Go to my profile page here to find all my information.
Supporting fundamental aspects:
-3mo rates > 30 year!
-Global debt now exceeds $244T. Highest level ever recorded and 3X higher than Global GDP!
-Geo-political tensions
-Sovereign debt experiencing negative coupon rates
-TRUMP
Somehow the SPX is hitting ATH's (all-time highs) during such times. Seems to be a final desperation by bulls to already extend an over-extended market. Real estate markets are also experiencing major bubbles and ATH's even higher than 2003-2007 housing run.
Traditional markets are in perfect position for a major correction. This sets up Gold Bulls nicely.
Review this chart from left to right. Notice when Gold breaks a previous ATH (purple horizontal resistance) Gold breaks to reach new ATH's by 124% to over 300%).
If Gold breaks near $2,000/oz and this is timed with a confirmed recession and panic in equity markets expect Gold Bulls to push prices above $4,000/oz to repeat the 2008-2011 move.
Follow me on twitter for intra day updates and DM me as well with questions or thoughts. Go to my profile page here to find all my information.