MOONSHOT
Goldbugs have been predicting the proverbial MOONSHOT for Decades Now
Looking at the Monthly chart …it is obviously the Moon Shot is Happening
I don’t think any of us would have dreamed that the Obvious Breakout in March Last Year
Would look like this a year later !!
Almost a 100% rise in just over a Year
Never seen a chart like this..THIS AIN’T NORMAL
No, it isn’t normal. What is Gold telling us?
A revaluation against the dollar? End of reserve status for USD?
Big inflation?
War?
Whatever it is, it likely means hard times for the poorest of the world.
Gold now in backwardation
https://x.com/izakaminska/status/1914418360399568994
and now deleted that post … odd
https://x.com/izakaminska/status/1914432105360318716
I noticed Backwardation comparing Finviz Futures to the spot price and posted it …this was last week
But shortly after it reversed
seems like it’s not significant because it’s intermittent