ShortSeller76

GOLD BUY+++ way oversold

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold is supposed to be a safe haven, inflation and debt hedge, and yet it's not acting accordingly because Wall Street believes J Powell liar extraordinaire. The US dollar has spiked over 108 with record debt and deficits. This selloff in gold and run to the US dollar is TEMPORARY. When Wall Street figures out the fed cannot reduce it's balance sheet to zero, EVER. When wall street figures out the fed will pivot and reverse course when the economy collapses (and it will) by the time they react it'll be too late. We won't see a recession, we will be in a depression. Looking for a bounce to $1800 and cloud resistance sits at $1853. Long term I expect gold priced I US dollar to surpass $3,000- 5- 10k or more per ounce once the US dollar collapses on the weight of our debt
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