Gold Driven by Geopolitics, not Macroeconomics
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Charlie Morris has been writing about gold and bitcoin for over 10 years. Hear his thoughts on the world’s two most liquid alternative assets.
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No doubt these are exciting times for silver investors, and the set-up is fabulous. An all-time high after a 55-year wait should certainly be celebrated.
Gold remains overbought, and a consolidation would be the best outcome we can hope for. The best bull markets are long-lasting.
This gold bull market is about price, rather than excessive speculation. The market is hot, but it’s not red hot.
This year, long-dated government bonds have been selling off, and as that has happened, the price of gold has risen. Gold’s correlation with bonds (prices, not yields) has turned negative for the first time since 2011.
Atlas Pulse Gold Report Issue 105; …maybe, just maybe, inflation is the new elephant. I say that because inflation expectations