Thanks Lau for another well reasoned article. What are the Central Banks doing at the moment? Have they paused buying gold? Im particularly interested in China's Central Bank, given China is still successfully receiving oil.
Gold may also be telegraphing a successful outcome and an increase in stability in the Middle East. Will there be more or less global security if the terrorist lose or if they succeeded on their path to a nuclear bomb? Mayby gold is chiming in with an answer.
The petrodollar system is on its way out when America can't defend the oil producing monarchies that recycle their dollars into treasuries and the S&P 500.
I also remember what happened in 2008, when gold went above $1000, then fell back into the $780 zone. I told close relatives that this was going to be the last time you'll see gold below $1000, and that they should follow me by turning a large portion of their long-term savings into gold. Even then, one of the major reasons this was happening was because people needed cash, and they were causing many asset managers to sell what they could to deliver cash.
This is what we are witnessing again and it's the one issue most of the public can relate to.
I may be right or not, but I'm looking for March 31 to be a significant turning point, and possibly a long-term bottom.
Thanks Lau for another well reasoned article. What are the Central Banks doing at the moment? Have they paused buying gold? Im particularly interested in China's Central Bank, given China is still successfully receiving oil.
I think someone reads porter
Smells like fantastic opportunity to me!
I wasn't personally concerned regarding my positioning. But your post is extremely timely and well reasoned. Very much appreciated.
Where's the tip that's supposed to be accessible without a subscription? Is it simply to buy more gold?
BUY ZEEE DIPPPP!!! 🤘
Buying time it is
Gold may also be telegraphing a successful outcome and an increase in stability in the Middle East. Will there be more or less global security if the terrorist lose or if they succeeded on their path to a nuclear bomb? Mayby gold is chiming in with an answer.
The petrodollar system is on its way out when America can't defend the oil producing monarchies that recycle their dollars into treasuries and the S&P 500.
I also remember what happened in 2008, when gold went above $1000, then fell back into the $780 zone. I told close relatives that this was going to be the last time you'll see gold below $1000, and that they should follow me by turning a large portion of their long-term savings into gold. Even then, one of the major reasons this was happening was because people needed cash, and they were causing many asset managers to sell what they could to deliver cash.
This is what we are witnessing again and it's the one issue most of the public can relate to.
I may be right or not, but I'm looking for March 31 to be a significant turning point, and possibly a long-term bottom.