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I was looking at 2008 crash.. and the way gold reacted…(severely corrected)… gold had no solid base in 2008 and had already advanced substantially…
Now what if it reacted more like the dot com bubble instead? Gold had a nice solid bottom base ahead of the crash … almost anticipating the eventual need for easing
What do you guys think? Where will gold be in it’s advance when the market crashes?
2020 is not like 2001. We had Inflation or at least Inflation expectations then.
Plus 2001 came after a 20 yr bear market… and a TRULY Long Base!
… And you already know what I think, so I’ll shut up now! 😉
I don’t know if the Stock Market will “Crash”
BUT if it Does Gold will crash too ( but less so)
Just My Opinion …there is no certainty
IF The Fed loses control and cant get it back…all bets are off and every man for himself
IMO Gold did not crash in 2008 unless you were viewing it from the $US side of the equation, furthermore the population in the US is only 300 million. The rest of the world viewed the price of AU as massive choppy consolidation in other FIAT denominations. The question might be better asked if someone was holding FIAT currency other than the $US in 2008 where would you run to safety the $US or Au?
Imagine holding your wealth in FIAT other than the $US like the other 6 or 7 Billion people on the planet they had a choice to run for safety to either the $US or Au. History is relatively clear they eventually chose Au over the $US fwiw.
Just my .02
Indeed, as I previously posted a xaugbp chart for the 2001-2011 run… even in 2008 crash.. barely a blip on that chart.. never closing beloe 12 month MA…
Some say paralysis by analysis… I often feel the same when dealing with macro fundamentals… that is must be why I take refuge in charts.. feels like home. If multiple charts correlate and give actionable signals.. I feel confident in my targets.