Loading ...Another salient point: anybody still looking at charts for “resistance” levels is either an idiot or a shill. We’ve just conjured up $10T out of the blue for God’s sake, with likely another $90T on the way. Resistance is irrelevant in this environment as we will soon discover. Whatever resistance is still being deployed is strictly of a cartel making, and bears no relevance to reality.
Question: Who would dare short gold at its 2011 high when it could be $2k in a nanosecond? By then the cartel retreat will be much more chaotic, and less cohesive. Shorting gold will be like betting you will get a seat when they shut the music off.
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It’s amazing how little enthusiasm there is out there in light of the situation. For gold to nearly claw all the way back to 2011 pricing should be a major accomplishment.
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