Mostly peoples compare Gold with Crypto and they forget Gold is not speculation like Crypto mania , Gold is tested and proved from long history. When a lot chaos and uncertainty in Stock business I think Gold still a worthy and wise investment.
Buyers will take interest to buy Gold again from this level and if long play we can see 2200 to 2500 price range in 2021 to 2022 year.
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We saw a down flash due to leveraged positions went to liquid almost 24k contracts were sold but new buyers taking control and bull idea will remain same
No one expects gold will go up from here maybe you’re right
Deevog
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@paul2k99, If inflation can rise a used car price and when stock on peak with mostly speculations this is the time to buy Gold. Gold never loose it's value in bad times and if visit physical market Gold price high compare to this price. Inside economy is bad Fed confuse. We need to understand why Gold important in this situation and this price will go to 2100 to 2500 in near future. Dollar can not take high respect when they printed 40% in 14 months
paul2k99
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@Deevog, i agree that’s why I’m thinking it’s time to start open long positions on the “barbaric relic” 1750-60 looks Good and if lower add more
Deevog
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@paul2k99, Inflation price still need to apply on Gold, few big players shorting Gold but they can squeeze