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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.01+1.6%Nov 12 4:00 PM EST
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To: Pogeu Mahone who wrote (199972)6/30/2023 9:36:32 PM
From: Rarebird1 Recommendation

Recommended By
fred woodall

   of 217734
 
Central Banks are contrarian indicators in the Gold market. Back in 2000 when Gold was at $300 USD, the bank of England t and the US Fed were major sellers of Gold. And that was the bottom.

Where is the POG headed? Short term ( 1-3 months) likely headed to $1800, then a strong intermediate term uptrend when the Fed starts cutting rates. Gold is an interest rate mechanism that trades in accordance with the 10 year bond and USD.

Yes, Gold is also the war metal. But I wouldn't buy Gold for that reason.

My view has been for a while to wait till 1/2024 to load up on the POG, Silver and the Miners for a huge 6 month rally.
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