GOLD Resilience
I think this resilience in Gold price is pointing to a train wreck in the economy that the FED will try to control by major QE, which won’t be successful.
I think this resilience in Gold price is pointing to a train wreck in the economy that the FED will try to control by major QE, which won’t be successful.
Yes, the price of gold in U.S. dollars is finally catching a bid, and it does seem to be holding up well at around $1400 with a bullish looking flag.
Long term, I think that gold is going much higher in U.S. dollar terms. However, I expect we will get a healthy correction soon.
The real economy on Main Street (here in the U.S.) has been a train wreck of sorts since around 1980. Meanwhile, interest rates have been declining ever since.