In the past few months I have read on numerous media outlets how gold has lost its safe-haven status. On other internet libertarian news posts experts rage on, and insist that the price is being manipulated by the global elites. The "deep state" manipulation at work, some claim is to blame for gold ´s lost luster. But finally it seems to be rising.
Gold investors like myself have been waiting years for this, at last, a meaningful break out...! But, hold your horses..!! its not here quiet yet. Perhaps the global elites have one last card up their sleeve......
My guess is that the threat of thermonuclear war coupled with all the quantitative easing needed to fund what will soon happen to Florida will do the trick. Lets remember that its the strongest hurricane to hit the Atlantic in recorded history, and its headed straight for Florida.
Im no expert Chartist, buy it looks like a very, very important level, the one we are about to break.
Chart courtesy of www.goldprice.org