Is it possible that we will have a new gold cycle ahead of us? I'm not ruling that out that much. Anyone who has been following my analyzes for a while knows that I am a supporter of the yellow metal.
Despite the sharp rise in interest rates and the strengthening of the dollar, gold and silver are holding up fairly well.
It could very well be because the key interest rate is not gaining ground over the inflation rate and there has already been official confirmation of the recession.
Moreover, one of the serious points will be that given the volume of debt, a rate hike will have drastic long-term effects on the dollar.
So much for the fundamental basis. I think a lot hasn't been priced in yet. So it can still get interesting. From a technical point of view, we're probably looking for some recurring resistance here. The chart has a logarithmic view.
Your thougts?
Despite the sharp rise in interest rates and the strengthening of the dollar, gold and silver are holding up fairly well.
It could very well be because the key interest rate is not gaining ground over the inflation rate and there has already been official confirmation of the recession.
Moreover, one of the serious points will be that given the volume of debt, a rate hike will have drastic long-term effects on the dollar.
So much for the fundamental basis. I think a lot hasn't been priced in yet. So it can still get interesting. From a technical point of view, we're probably looking for some recurring resistance here. The chart has a logarithmic view.
Your thougts?
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