$XAUUSD Gold going to plummet due to $DXY dollar wrecking ball
Updated
Please check out my analysis on DXY I did which explains the time tables and variables. If I was any other currency (but Swiss) - I'd be buying gold and silver (physical). Your central banks will print away to appease the plebs as they start to install a ecurrency social credit score system. If I was American I'd wait a bit to buy gold and silver at least if you're going to do it - buy half physical now, buy some puts on some miners (they fall harder when gold falls) and then use any dry powder to buy more physical.
I anticipate that there will also be nationalization of resources and sectors - so mining stocks won't be a good go to unless you're investing in
NEM, since America will be the last to nationalize. Some countries may just tax windfall profits like they're considering with oil companies. This would drop the stock so physical is the only way to go. If you make money on the puts, use that also to buy more physical.
I anticipate that there will also be nationalization of resources and sectors - so mining stocks won't be a good go to unless you're investing in
NEM, since America will be the last to nationalize. Some countries may just tax windfall profits like they're considering with oil companies. This would drop the stock so physical is the only way to go. If you make money on the puts, use that also to buy more physical. Note
Jerome Powell just mentioned Volker 5x in his small speech. Real rates will end up crushing gold and miners. Beware!Also here's my Newmont Mining call:
Note
Fed's Mester: Still In Negative Real Rates, We Haven't Even Gotten To Neutral Fed Funds Rate - May Need To Take Rates Above 4% And Leave Them There
Note
This trader is usually on the money and does EW - this is his prediction that mirrors my levels twitter.com/TTCSteve/status/1564125644426203138/photo/1
Related publications
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.