Long Gold. "Transitory factors" HAHA - Good one, Powell!
Listening to Powell speak today... No intentions on tapering balance sheet expansion, and plans to "MODERATELY EXCEED 2% [inflation] FOR SOME TIME"...."INFLATION LARGELY BASED ON TRANSITORY FACTORS"...
"12 month inflation readings are expected to move well-above 2%".....
Gold isn't changing, but the US dollar is... Suddenly shiny boomer rocks looks like a great hedge.
"12 month inflation readings are expected to move well-above 2%".....
Gold isn't changing, but the US dollar is... Suddenly shiny boomer rocks looks like a great hedge.
Nota
gold testing $1900/oz after 3 green weeks - personally I expect some short-term pullback soon, but I am too long-term oriented to trade on that possibility. The macro-case for gold rising further has not changed, and I am more confident in the macro trade than the short-term scalp.
Nota
We are still holding the line. Not sure how they can continue to beat gold down while
TIP pushes ATHs.Nota
longer timeframe than anticipated but I think gold is going to pop off this year, finally.Nota
Putin said some shit and we're off to $2k
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.