I drew a huge channel, it looks like gold has already worked out, the fact that gold has broken ATH is just a bait ..
Should have bought in 1970.
Investors in gold do not shine until 2030. If you buy gold at 1450 you can earn up to 50% in the medium term, but the problem is that at that point you can buy anything and earn at least 50%. Judging by the schedule, there will be no hyperinflation until 2030, you can sleep peacefully and keep your dollars.
Alternatively, strong inflation could be elsewhere, perhaps in commodities. Until they are pumped up, gold will not seriously rise in price. Life will rise in price, but gold will not help you in any way. During this time, all known gold bugs will either die or get acquainted with Mr. Alzheimer, in principle, this is logical. Peter Schiff 60? It's time for him to take profits.
Should have bought in 1970.
Investors in gold do not shine until 2030. If you buy gold at 1450 you can earn up to 50% in the medium term, but the problem is that at that point you can buy anything and earn at least 50%. Judging by the schedule, there will be no hyperinflation until 2030, you can sleep peacefully and keep your dollars.
Alternatively, strong inflation could be elsewhere, perhaps in commodities. Until they are pumped up, gold will not seriously rise in price. Life will rise in price, but gold will not help you in any way. During this time, all known gold bugs will either die or get acquainted with Mr. Alzheimer, in principle, this is logical. Peter Schiff 60? It's time for him to take profits.
Note
I do not undertake to become Vanga. But I want to add that the trade war with China, the coronavirus crisis, World War III, and petty issues like the takeover of the Capitol building that helped soar gold will no longer get on American nerves. Now the ideal successful president should win in the USA, there will be no inflation and in general there will be real stability.We can say that the crisis will grow, but so slowly that it will rather resemble stability.
On the other hand, when there is famine in some countries, the price of gold may fall with the dollar, but there will be no mistake here.
The schedule does not rule out that Madhouse could continue in the rest of the world.
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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.