On at monthly logarithmic chart gold has broken its back by loosing it's long time supportline.
What was the reason for QE whatever number.... credit crunch and afraid of not maintaining a minimum inflation rate of 2%.
Well what inflation rate does your country have today? Here in Denmark it's 0,2%
If we have a deflationary outcome ... gold goes lower.
We might see a back test of the broken long term trendline....Gold bug or not - it doesn't look good for gold.
Safe trading
@BLawrenceM
Music at work:
www.youtube.com/watch?v=UXTlczyW...
open.spotify.com/tra...P5rwmk2EsoFRIz9UCeh9
What was the reason for QE whatever number.... credit crunch and afraid of not maintaining a minimum inflation rate of 2%.
Well what inflation rate does your country have today? Here in Denmark it's 0,2%
If we have a deflationary outcome ... gold goes lower.
We might see a back test of the broken long term trendline....Gold bug or not - it doesn't look good for gold.
Safe trading
@BLawrenceM
Music at work:
www.youtube.com/watch?v=UXTlczyW...
open.spotify.com/tra...P5rwmk2EsoFRIz9UCeh9