Bigworld, >> parabolic move <<
Gold is up ~ 25% this year, so not too shabby. But it took 12 years to finally break out from the extended Cup + Handle pattern that had formed since 2012. Btw, a general rule with Cup + Handles is to expect the upside after the breakout to equal the depth of the Cup. The bottom of the Cup was 1000, the breakout level was 2000, so that differential of 1000 means the breakout will reach 3000. Everyone on Wall St has these same chart rules and expectations, so they tend to become self-fulfilling.
But the upside for gold could be far higher as the 'Debt Bomb' approaches. At some point the out of control US debt will cause a global loss of confidence in the dollar system. The move away from the US dollar has already begun, but I'm guessing things get really serious by the $50 tril level. So probably 4-5 years (?) Tough to say, but the clock is ticking, so moving more into hard assets seems like a logical strategy. Bonds will be especially vulnerable in a dollar crisis.
I figure if the CBDC rollout runs into serious opposition, the banksters can present the CBDC as the solution to the dollar crisis. They want the CBDC either way, for the control aspects, but it actually would make imposing 'capital controls' much easier, to prevent money from fleeing the country. But that only helps domestically, and the mass exodus out of the dollar by other countries will be the big problem.
Somehow they have to derail the BRICs juggernaut, without sending us into WW 3. Blocking Saudi Arabia and Argentina from joining BRICS was a start.
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AI
