My money or your money did not bring gold from 1180 to 1550 in few months. Hasn't been this high since the price came down from the crash/recession.
To me there are only 2 explanations:
1) Gold is severely underpriced/undervalued
2) Central banks/big investors are preparing for recession/crash in markets, therefore, moving their money into gold
I think everyone learned from mistakes made in 2008. This time, gold has made the first move.
And december/january are best months for gold anyway (you can see the charts for yourself)
I will buy gold on dips, i have a separate budget for gold , so i advise you not to put all your money into gold or something.
I don't think it will drop too much ..anything is possible, but i have started buying gold now. and Will continue to buy , even if it drops to 1400.
I anticipate gold to move up in december, january. And for USD to have a correction/crash a bit. And of course, if the markets crash with it, that would be an added bonus.
Entered trade Nov 19 - BUY at 1467
Will buy more if it drops , as long as outlook is to me.
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