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Sunday, August 4, 2024

I am back! Is it Recession?

 This seemed like a long time. Had gone for a sabbatical. In this period, the days became more bleak with Covid and all that. And Gold has gone from 1200 to 2400 from the time I wrote. For those who have not been on board for this, are we lost? Not really, in my opinion, this is only the start. You see, the situation is still chaotic in the world: Russia is still fighting a Ukranian war, China with US over the South China Sea region, and US itself is still having a big financial debt problem in the Trillions. So gold is still in the market. And there will be corresponding big moves in the crypto, forex and stocks. If there is trouble brewing in the world, you can bet there will be big moves in both gold and crypto. And a big precursor to this might be a return to lower interest rate. But it will be complicated by the fact that some places will have huge inflationary effects. So there will be a mix of diverse economic conditions. Gold is primed to be above 5000, in my humble opinion. And there will be moves in the USD too. 

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