Loading ...I have, that gold was overbought by more than one as I mentioned.
The dollar still has room to move down since as far seems to be a inverse relationship. Also talking heads seem to associate gold as a safe haven and look at the Vix, the lowest of lows going lower lol and dragging gold down with it. If it ever moves up I’m guessing traders will be buying positions.
They may miss out in the inflation catylist but we have to make sure one, it’s not just smoke and mirrors to justify interest hikes, two its to try to prop the dollar back up.
Plus now we have the cryptos being used as safe havens that can be traded easier than gold because you can buy sell online with it. You can buy a Telsa with cryptospos.
Yet people holding PMs in physical form but don’t trust the stocks yet. Gold has been around for a long time , the cryptos not so much and has no tangible value by itself.
I don’t think gold will be noticed much until it breaks through higher levels which I think is good as far as being in before any frenzy.
Richard 10:01
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