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Jordan Roy-Byrne, CMT, MFTA |
TheDailyGold: Is Gold Going to Plunge Like 2013....?
Published: Wed, 07/13/22
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If you look at Gold's recent price action and various charts, it looks similar to 2013. But that is where the similarities end.
Surely, Gold can decline more- even below $1675. But gold bulls need not worry about a 2013 scenario- for quite a few reasons. I only touched on a few big picture ones. Click Here to Listen to My Video Yesterday I interviewed Vince Lanci again on everything going on in the Gold market. He understands the nuts and bolts of what's really going on because he understands the traders, the positioning, why they buy/sell/short, and he understands the Fed's thinking. Click Here for the Interview ------------------------------------------------------------------------------------------- This chart is from @MacroOps, a great follow and definitely not a gold bug.
I'm not sure how the forecasted returns are calculated (as you can see in the chart). This is something I've been talking about for a while and it's one of many things that speaks to Gold starting a secular bull market. When expected returns for equities are very low, Gold can start a secular bull market, and vice versa.  ------------------------------------------------------------------------------------------- In TheDailyGold Premium...
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