Guys....
As with every $20 rise in price, gold bugs start to throw our the 50k figure... simply not going to happen. Also to add clarity, gold is not a hedge against inflation, rather a hedge against governments.
The last idea I posted (see attached), showed this run to the 1250 area before continuing the decline, now it's important to understand that February desperately needed to close above the blue shaded area to show signed any significant strength for bulls. As I'm sure you've already noticed, this did not happen, indicating further decline.
We are facing asset inflation, this means Draghi is in an even tougher position trying to keep up the negative interest game that has completely failed over the past 8 years. The question is whether the ECB will be compelled to end this failed policy and raise rates alongside the fed. I've mentioned previously that rates will rise because the Fed will be deprecated when they are faced with the Dow continuing its journey to 30k.
Futures markets now have the probability of a hike at just under 80% (79.7), compared with the previous 50% figure only last week.
Once we see below 1220 then I must mention, a waterfall will follow.
All the best and join our new telegram group via the link below.
As with every $20 rise in price, gold bugs start to throw our the 50k figure... simply not going to happen. Also to add clarity, gold is not a hedge against inflation, rather a hedge against governments.
The last idea I posted (see attached), showed this run to the 1250 area before continuing the decline, now it's important to understand that February desperately needed to close above the blue shaded area to show signed any significant strength for bulls. As I'm sure you've already noticed, this did not happen, indicating further decline.
We are facing asset inflation, this means Draghi is in an even tougher position trying to keep up the negative interest game that has completely failed over the past 8 years. The question is whether the ECB will be compelled to end this failed policy and raise rates alongside the fed. I've mentioned previously that rates will rise because the Fed will be deprecated when they are faced with the Dow continuing its journey to 30k.
Futures markets now have the probability of a hike at just under 80% (79.7), compared with the previous 50% figure only last week.
Once we see below 1220 then I must mention, a waterfall will follow.
All the best and join our new telegram group via the link below.
Comment:
waterfall of fortune
