Ok. Been thinking about this.

Which to use? Has gold broken out?

Stockcharts.com shows the “FUTURES” price. This is NOT today’s price but the bet people have on the FUTURE price. Fullgoldcrown said it’s the June contract now.

Why the heck are we charting the future price anyways!? Why is that all that stockcharts allows?

Spot: Today’s price. The price RIGHT NOW: $1681.80. This is not even the spot price recent high. We were higher on March 5th and March 8th.

The price right now…. this is why GLD is tied to the SPOT PRICE.

So basically people are betting on the future price. They’re betting in the future the system is done. The virus will be bad even in the future. Inflation is coming in the future, etc.

So if the inflation doesn’t come, if hydroxychloroquine and other cures start being used widely, if we have a quick recovery, and the system hobbles along for a couple more years….. hmmm…