Given the increasing reversal signals, the probabilities have risen that gold has reached the peak of its upward movement at USD 2,431 and is now already in correction back to the breakout level in the range around USD 2,100, with chance for a renewed rise at any time.
Haggith believes that despite initial perceptions, the Federal Reserve's tightening measures may ultimately bolster gold due to the economy's descent into stagflation.
The silver lining in the TikTok ban is it is waking up more Americans, especially young Americans, to the threat the out-of-control welfare-warfare-surveillance state poses to their liberty and prosperity.
J. Powell has gone full bananatard. The financial hallmark of banana republics is to print money in order to finance their debts. The Fed isn't allowed to do that by law because all nations that take that path to financing government overspending turn to ash in the flames of hyperinflation.
Fortuna believes that from time to time, its common shares trade at market prices that may not adequately reflect their underlying value.
When I look at the gold this way, we still have higher lows and higher highs. The market has been unable to close over the 18-day average of closes.