Ok let's get something straight. There are those who KNOW the GOLD / SILVER market and there are those who TRADE the GOLD / SILVER market. What's the difference between the two? I would have to say the most distinct difference between the two is that one is more loyal to the other. Traders look for greater yield. Loyalists look to preserve purchasing power.
Now here we go into 'PET ROCKS'. To have loyalty does not necessarily encompass blindness. You see many know the REAL 10% allocation (minimum) to have in your portfolio. ALSO COMEX is NOT PHYSICAL (If you don't hold it you don't own it). Sure Robin hood kids have it on their app.. but y'know. Robin Hood...
Sorry for the poorly drawn chart. This isn't financial advice.
GOLD spot price drops below approx $1250?? OUCH! This is the scenerio of DEFLATION w/o ANY kind of monetary stimulus. Now who here ACTUALLY believes the Federal Reserve will discontinue their practise of 'Market Stimulation'?
(cricket cricket)
I don't know anything
With that being said this is my most 'bearish' projection of SPOT comex gold price w/out any kind of inflation / injection of stimulus. Forget the premium for pet rocks at 10%+ or higher. This chart is BASED on my projection of 'deflation'.
So what does that mean for TRADERS? Most likely getting prepped to SHORT the shit.
Now to throw a monkey wrench into the whole analysis I also including the chart since 1974. Now do you see the big picture? Your PET ROCK will not change, but it will keep upwith inflation with a near GUARANTEE.
So why aren't you getting yourself some pet rocks?