Gold Crash Coming?
By Todd Gordon
March 7, 2023
Are you bullish on gold in this uber-inflationary environment? Real yields might be an indication as to what’s really about to happen in the gold market.
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Todd Gordon
Founder and Lead Analyst of Trading Analysis
Todd has been trading as a career for the last 20+ years. His goal is to not only provide insightful analysis, but to teach people how to think and grow as professional traders. Todd is a practitioner of Elliott Wave Theory and he uses it to gain an edge in the highly competitive trading arena. In addition to trading professionally, Todd has worked as an analyst and researcher at two different hedge funds. Click Here To Learn More about Todd Gordon
How does central bank buying fit into gold prices? Referring to Russia and China mostly.
I think a lot of people are truly stumped. We have so much in the way of potentially bullish fundamentals – major war(s) looming, US$ hegemony being challenged, financial chaos brewing, central banks buying big – yet Gold isn’t reacting like it should. This should be disturbing to all the bugs. Are we at this point, holding out for a flock of black swans that though we can hear their honking, we haven’t quite seen them yet? With today’s action (03/07), I’m wondering if we are being setup for the ‘ducks in a barrel’ shoot like we seemed to have been just before this latest rally.