Gold did its thing in 2020, the worse financial year since WWII, and I have to say it was nothing impressive. Investors pilled up in foreign stocks and digital assets, gold resembles more and more a pure commodity than a monetary safe heaven.
Currently is hitting the 200ma, and for me it will keep going down, perhaps to retest lower levels, after that a long consolidation.
'Gold looks tired and out of energy', capital is slowly leaving Gold towards other greener pastures IMO.
2021 will be worse for Gold than 2020.
Currently is hitting the 200ma, and for me it will keep going down, perhaps to retest lower levels, after that a long consolidation.
'Gold looks tired and out of energy', capital is slowly leaving Gold towards other greener pastures IMO.
2021 will be worse for Gold than 2020.
