Loading ...No, of course fundamentals for gold haven’t changed and that’s more or less the point. We’ve seen these times over the years where technicals and fundamentals don’t matter for pm’s.
I think Luongo’s point is worth considering and it’s something I’m seriously considering myself, especially now that the Globalists have apparently stolen our election and anointed the usual Wash. D.C. Aristocracy. The idea that they’d go to some crypto based system backed by nothing is not that far fetched, and I do think Biden gives them the opportunity for the “great reset”.
We’ll see what happens, would feel a lot better if we saw a gold backed crypto soaring but we don’t.
What I won’t do is ride this back down to $1300.