I will buy some more contracts here at around 13200.
- Just broke a key technical area.
- monetary expansion, as we have never seen before.
- Increasing liquidity in the markets
- Low rates until 2023/2024
- The markets look forward, and with vaccines already being approved, we're gonna see a very hot economy in the upcoming year(s), beyond many economist...
Since the beginning of 2019, gold has been in a huge uptrend, which has sent prices to new all-time highs. What the charts tell is that every 3 months we get a move to the upside, which ranges between 10-22%. Then we in the next 3 months get a small correction. We have just had the small correction, which could indicate that its time for a move higher.
I bought some contracts last week, which already turned out pretty well. With the help of the great monetary policy, wheat prices will probably explode up somewhere in the future, and this seems like the right time to enter long positions, even though it's a little early, based on my fundamental expectations. It could be years before we see that real rise in...