The gold bubble.

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
115 0 2
Almost 8 years after the recession we seem to be heading into another deflationary period. During the last deflationary crisis gold             went down 30%. Also note that Gold             went up way more than the S&P500             . Technically, it seems like a classic head and shoulders pattern is forming. Fundamentally, its use as a store of value may be challenged in the near by the crypto currencies (e.g. BTC             ).
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