Markets might be rallying in Dollar terms, but when priced in gold... well it makes you think.
Inflation? Currency worries? Safety? What is the big money doing buying stocks or gold?
All of these questions are on the table and what I find most interesting about this chart is how severed the downtrend is. Perhaps even before the Coronavirus hit, some big movements and shifts were happening toward gold. It may feel like a the virus was the cause, but for all we know it was already a long-term trend that was getting ready to shift.
I am not sure yet and like to post my ideas publicly for feedback. So please share some ideas. I do ultimately believe that tech is going to create and build better products and brighter futures, but nothing goes up forever and sometimes a short correction to bring things back to normal and to rebuild and to shift is ultimately better for the long-term.
Inflation? Currency worries? Safety? What is the big money doing buying stocks or gold?
All of these questions are on the table and what I find most interesting about this chart is how severed the downtrend is. Perhaps even before the Coronavirus hit, some big movements and shifts were happening toward gold. It may feel like a the virus was the cause, but for all we know it was already a long-term trend that was getting ready to shift.
I am not sure yet and like to post my ideas publicly for feedback. So please share some ideas. I do ultimately believe that tech is going to create and build better products and brighter futures, but nothing goes up forever and sometimes a short correction to bring things back to normal and to rebuild and to shift is ultimately better for the long-term.
I work at TradingView helping to build charts, tools, and software for everyone interested in financial markets.
Twitter: twitter.com/scheplick
Blog: scheplick.com/
Twitter: twitter.com/scheplick
Blog: scheplick.com/