If you have followed my trades for the past few years, you already know that I am very bullish on gold and bitcoin, for ultimately the same reasons - Fiat currencies are dying.
Global debt levels are unsustainable, even at these low rates, and central banks are backed into a corner, with no options left but to drop rates to 0% again - this scenario is extremely bullish for gold. We can already start to see that the price is starting to break out here - indicating that the market is not buying the fed guidance for raising rates, and we are calling their bluff.
I see the beginning of a bull market in gold that will last decades, and yield 300%+ during this time period, as real money (gold) begins the process of accounting for the 60+ years of currency inflation (dollars).
TA:
$1,350 is the critical resistance level to take out. (very close now) $1,500 will be a very nice long-term price for the average joe. $2,000 (previous ATH) is where you will probably end up buying. Target #1 - $5,000 Holding period - 10 years
see additional information below.
Please do your research.
Best of luck, hit thumbs up
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The first bullish daily breakout move.
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Fed Funds Rate target
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DB - Europes largest bank similar situation to Lehman in 2008 - another 50 % sell-of incoming