Loading ...Balancing Act
Can the euro be the new US Dollar? … Maybe multiple “world reserve currencies”? What the hell is happening with the Facebook Libra?
Anyways… quarterly chart shows gold expressed in euros might go back in range and pullback to 3 year MA…. again.. it’s time to wait and see how this unfolds.
Edit: could we be heading to a singularity? where all the charts for gold expressed in all currencies (or major ones) look a like. As USD weakens.. xauusd goes to breakout levels… and as others strengthen … they pullback to within breakout levels?
Patrick Multiple Rate Cuts a sure thing this year 50 pts in march a lock.
So why is Gold sucking wind here ?
I think I posted my currents thoughts on that… or maybe in a comment… I think rate cuts to zero are all priced in… minus the “deflationary” effects in progress … We are now setting the stage for a 2009-2011 type run… fueled by QE… lots of it!
I’m not sure about the timing of it all.. the gold chart will tell us… I got the next line in the sand at 1600$ .. quarterly chart defined breakout line.