Just a coincidence?
This might be the best gold analog chart i have ever seen. When you overlap the yellow 1970-1980 inflationary gold bull market over the green 1999-2021 #gold bull the correlation is unbelievable. Chart from Mike Maloney. Protect your fiat holdings from oncoming inflation. $GLD pic.twitter.com/R9Hyl9Nwe3
— Edward Gofsky (@EdwardGofsky) May 10, 2021
More from Gold
Fast forward to today when I added Gold at 1850. It made a sharp-up move but didn't want to sell for the sake of hedging. The positions were scaled up around 1925 with the fresh SL of 1900.
So far doing good. 2000 is the level I would be looking for. https://t.co/j1kiKRSx0y
So far doing good. 2000 is the level I would be looking for. https://t.co/j1kiKRSx0y
GOLD - 1 9 2 7 from 1 8 5 0
— The_Chartist \U0001f4c8 (@charts_zone) February 24, 2022
No indicators, nothing. Understand the language of the price. https://t.co/l6pEGD7r6D pic.twitter.com/JWZjlTLSBF