Loading ...Some more Up before Down (added Copper/Oil/Metals/Mining)
Wall of worries everywhere… majority talking deflation instead of inflation… not much talk at goldtent of 6k, or 20 k gold (signs of a top) . Most here are worried we won’t even touch 1800$
Any posts at goldtent from 2011… when gold was at actual top and all-time highs? Probably most calls were for 6k or 20k gold.. right? To da moon! (except Rambus from what I have been read)
This is one of my current contrarian views. I think gold gets a rush up to all-time highs BEFORE we hit 2008 type correction…
Remember: Market uses a discounting mechanism… but also a whipsaw dispatching mechanism!
Please consider this additional previously posted macro outline
Edit: adding more supporting media we run up one more time BEFORE down.
Edit: adding this post by Stefano Bottaioli .. I can’t get my hand on his price deflation index… looks like some bottom and divergence being set in.. favoring inflation!
$XME Inflation or deflation? the struggle between inflation and deflation seems to benefit the former … the mining sector therefore has many chiances to go up pic.twitter.com/ILGQsUSRbJ
— Stefano Bottaioli (@stebottaioli) April 3, 2020
Edit: adding XME (proxy for inflation). Closing in on bottom of rail…
Not sure what inflation rinf measures.
But what I’m seeeing. I have a family member nurse
Getting paid 13k a month to go work in. Nj
All the food I’m buying cost more than a month ago. Same for
Any cleaning or health cAre supplies
Inflation in what we need. Deflation other things is what I see right now
Did you mean to see you see inflation.. but deflation is what we need? Soo much blanket use of the term deflation and inflation. You can have BOTH at the same time. Some stuff goes up.. while something else goes down. My personnel family budget has not seen deflation effects in 95% or use cases… Groceries cost more.. my travel costs more.. shelter costs more… etc… while my revenue has not followed suit.. (my “real” income now is less than in 2007).. so many I have had “delfation” effects.. which deflated my purchasing powers. If we do get a deflation reprieve in a good way(low gas pump prices), I believe they will be short lived. Exponential human population growth requires exponential adjacent systems. This will not end well.
Patrick,
On your chart look at the HUGE supply above $1700 from 2011 and 2012. That’s one of the main reasons I put my target at $1680 Gold for 2020.
I think the odds for making a V-type recovery in the stock market are greater than Gold making a new ATH this year.
Remember.. the purpose of the 6 year base is to suppress weak hands from that supply. They should of sold during the base below 1350. But I get the idea that taking profits at important resistance is a good trading technique.