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Bento76
Feb 29, 2020 1:12 AM

Still trending up Long

GOLD (US$/OZ)TVC

Description

Still rhyming with the past. More money will be created, gold stays still and money gets devalued pushing up the value of real assets
Comments
gnosis7777
This reminds me of 2008. Back then gold went down with Stocks for a short-time as speculators had to dump all of their assets to cover losses. What happened was, gold went up with stocks on speculation during the last blow-off top right before the bubble popped. Then, shortly after, in 2009, Gold rebounded heavily as investors realized the FED was still pumping inflation. I expect a repeat.
Bento76
@gnosis7777, Agree, although who knows for sure?! There's a lot of pressure to the downside in the short term, but I can't see it being below current levels by the end of 2020, and rising from there with the devaluation of money as the Fed bails everyone out again.
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