Gold did not correct as strongly as I expected but it did correct. Going forward I predict people will once again reiterate that gold is a flight to safety
asset, but they will have been wrong. What is really going on is that gold now is going to challenge its ALL TIME HIGHS (ATH) and just like the indexes
will move in a parabolic fashion (similar to oil) DO NOT GET IN THE WAY of a parabolic move. If you have missed the opportunity to buy its best to
wait or sit it out altogether. I believe gold will hit said targets faster then I previously posted simple because everyone has gone insane. Like oil
I expect gold to go to ATHs and then crash like the indexes have, once again failing those "buy gold when there is nuclear war" types. They will be
right for a couple of months and then be wrong for the rest of their days. LOL. My comments are as crazy as I want them to be since I no longer
care if people look at these charts or not. LOL!
asset, but they will have been wrong. What is really going on is that gold now is going to challenge its ALL TIME HIGHS (ATH) and just like the indexes
will move in a parabolic fashion (similar to oil) DO NOT GET IN THE WAY of a parabolic move. If you have missed the opportunity to buy its best to
wait or sit it out altogether. I believe gold will hit said targets faster then I previously posted simple because everyone has gone insane. Like oil
I expect gold to go to ATHs and then crash like the indexes have, once again failing those "buy gold when there is nuclear war" types. They will be
right for a couple of months and then be wrong for the rest of their days. LOL. My comments are as crazy as I want them to be since I no longer
care if people look at these charts or not. LOL!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.