Not much to say here really, anyone with half an brain can see the global macro trend on growth is indeed really slowing down if not come to an halt, so how is Fed gonna raise rate? so many CBs are lower their rate based on their country's economic recession, what makes the US differently? please don't lose sight that the US is the world's largest debtor, they...
stats showed reserve currency status usually last about 40+ yrs.....
we abandoned Gold standard in 1970, so its well within that timeframe, we should have a new global monetary system in the next few years...
Gold is in a process of forming AB leg, i have doubt it will pass the blue trend line which around 1140(also previous weekly pivot n 100MA), when it comes down to form the BC leg and i also doubt it will break through the red long term trend line which held multiple month's low starting this july. From there its in final stage forming the CD leg which its hard to...
