If you think the trend has gone far enough, be careful what you wish for, since, in the unimaginably hard times that may lie ahead, we could get free cereal dispensed one cup at a time..
Will gold have a meaningful pullback now? Well, it’s rallied more than $300/oz from the $1610 area low, so of course that’s possible, but it may not happen.
Major attacks after gold broke the 200 dma has failed. Cartel will lose a lot more battles, a lot of money. Gold had to get above the $1,825 area to first confirm the end..
Most commodities were in a severe bear market until everything crashed in the spring of 2020 including the PM complex and the US stock markets. What followed next was one of the strongest bull runs..
