GOLD is at all-time highs but remains significantly undervalued. This is evident both in the price action on our charts and in the changing geopolitical landscape, which impacts our financial tactics and the price action we expect to see in the coming years.
[u]Fundamentals[/u]: We must consider the actual and increasingly perceived risks to USD currency hegemony and the sovereign debt crisis. Between BRICS+, the waning strength of the petro-dollar agreement, and the monetization risk to government treasuries, a move to $4000 or $5000 in the coming 18 months feels plausible.
[u]Technicals[/u]: We're experiencing a bullish impulse following the breakout of the 2011-2023 cup and handle (in white) at the 2k price level. I've marked the two most significant price levels over the past 30 years ($400 and 2k). By extending a symmetric, measured move from the 2005 $400 level to the 2011 2k level, we can identify a target of 6k before 2030.
[u]What's the Play?[/u]: While I'm catching tomatoes from both my GOLD bugs and BTCUSD maxi friends, the case is clear to me that all ANTI-FIAT assets are poised to excel in the coming years. Stagflation, debt monetization, and high interest rates are here to stay. At some point, we might see Gold vs. Bitcoin square off to see who gets to eat the other's slice of the pie, but for now, the enemy of my enemy is my friend. So let's pack our bags!
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