is gold in trouble?
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it is just a quick comparison of patterns between 1991 and 2020.....
both have an exponential increase and being overbought and spiked....and then the following few years after 1911 we see a downtrend all the way down to 10xx.
Gold peaked at around 1920ish back in 1991 and comes again in 2020 at 2070ish.
Now let say it has a pattern.... this would means gold will be going to be bearish in the next 4-5 years, this is one pattern behaviour that are likely to happen
and as you know I like to think of as many scenarios and possibilities and hopefully made an educated choice between them. hey at least I would have a navigational map.
a different pattern, which might be a scenario - now this is interesting, what if gold aren't really overbought (per say even though it is) it will make a higher correction and continue to its uptrend reaching higher. But in order for this to happen, it will require a lot of if's and what's,
such thing that will make this NOT possible will be -
1. the raise of crypto (where instead of gold being the safehaven, it will be something like bitcoin as it is getting more and more recognition (PayPal))
2. the raise of gold mining (we are looking at not the possibility of if.. but when.... yes roid mining... sci-fi always have been the dreams of which ideas comes and then the execution, one might ask are we predicting the future or did we follow our prediction and it becomes the future?, in this case both are correct, there is an old saying when there s smoke there's fire.
can you share me other futures for gold and where might it be heading? still baffles me why humans chose gold to be the metal of choice.
both have an exponential increase and being overbought and spiked....and then the following few years after 1911 we see a downtrend all the way down to 10xx.
Gold peaked at around 1920ish back in 1991 and comes again in 2020 at 2070ish.
Now let say it has a pattern.... this would means gold will be going to be bearish in the next 4-5 years, this is one pattern behaviour that are likely to happen
and as you know I like to think of as many scenarios and possibilities and hopefully made an educated choice between them. hey at least I would have a navigational map.
a different pattern, which might be a scenario - now this is interesting, what if gold aren't really overbought (per say even though it is) it will make a higher correction and continue to its uptrend reaching higher. But in order for this to happen, it will require a lot of if's and what's,
such thing that will make this NOT possible will be -
1. the raise of crypto (where instead of gold being the safehaven, it will be something like bitcoin as it is getting more and more recognition (PayPal))
2. the raise of gold mining (we are looking at not the possibility of if.. but when.... yes roid mining... sci-fi always have been the dreams of which ideas comes and then the execution, one might ask are we predicting the future or did we follow our prediction and it becomes the future?, in this case both are correct, there is an old saying when there s smoke there's fire.
can you share me other futures for gold and where might it be heading? still baffles me why humans chose gold to be the metal of choice.
ملاحظة
some error there, it meant to say 2011 not 1991... apologiseملاحظة
there seems to have a correlation between gold and vaccine news, thiere seems to have some truth to it, such as today gold went skydive, MRNA (covid vaccine company stock went up 15%
ملاحظة
plus, the way gold behave is more like a correction, should be bearish un til next week or so, or. until covid calmed down, my money is in January
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