BGL has reached support levelBGL has been trading within a parallel channel
since 2020. Price has now reached the lower bound of this channel range. This would be a good time to buy more BGL. Gold price has stablised and sitting flat for months now. I am expecting the gold price to move higher in 2025 unless there is a major crash in equities , which is a real possibility because of the overbought signals. But as you know the government and central bankers need to maintain the bubble as there is no going back to sound stable money and price stability. The aim of the game now is to continously inflate until the whole system implodes.
price stabliility now means inflation rate of 2-3% p.a. which is like your doctor saying you need to stablise your hba1c but making sure it goes up .5 each year.
