I couldn't have said it better...
"Bank emergency borrowing = tighter lending standards = small business credit crunch = higher unemployment... Tipping point for US$: end of Silicon Valley hegemony, start of entrenched high inflation & budget deficits"
BofA's Michael Hartnett
Technicals:
Bursting strongly through the 50 day moving average with the RSI getting stronger stronger, I can easily see the gold price heading at least $100.00/oz higher.
Fundamentally, the environment is ideal to have gold as a hedge. Technically, the chart already tells you where money is flowing...
"Bank emergency borrowing = tighter lending standards = small business credit crunch = higher unemployment... Tipping point for US$: end of Silicon Valley hegemony, start of entrenched high inflation & budget deficits"
BofA's Michael Hartnett
Technicals:
Bursting strongly through the 50 day moving average with the RSI getting stronger stronger, I can easily see the gold price heading at least $100.00/oz higher.
Fundamentally, the environment is ideal to have gold as a hedge. Technically, the chart already tells you where money is flowing...
Trade closed: target reached:
just like that