Gold to New Highs in 2023?
I had been following the playbook of 
GC1! 2011/2012. I was expecting Gold to fall to its lustrum current around $1,480 (at the time).
And while it did fall another -7% from that tweet (-12% after breaking it's year current), what I didn't realize was that the liquidity profile was very different now. Basically the opposite.
It's important to remember that in a liquidity event, Gold falls hard and fast like everything else. But it generally bottoms halfway through the recession and rises pretty dramatically afterwards.
If it's following it's age-old pattern, that would suggest that we're halfway through a recession that started in January 2022 and might end around August 2023. That would see Gold double in price over the next two years. Interesting.
GC1! 2011/2012. I was expecting Gold to fall to its lustrum current around $1,480 (at the time).And while it did fall another -7% from that tweet (-12% after breaking it's year current), what I didn't realize was that the liquidity profile was very different now. Basically the opposite.
It's important to remember that in a liquidity event, Gold falls hard and fast like everything else. But it generally bottoms halfway through the recession and rises pretty dramatically afterwards.
If it's following it's age-old pattern, that would suggest that we're halfway through a recession that started in January 2022 and might end around August 2023. That would see Gold double in price over the next two years. Interesting.
"Even the wise cannot see all ends." - Gandalf
Connect with me on Twitter. I'm always open to discuss.
Connect with me on Twitter. I'm always open to discuss.
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