Double Bottom in XAUUSD?
I call horse shinanigans on this mess.
Suppose people sell everything when in doubt, doesn't make sense to me, either that or it's manipulation.
Whatever the case, gold will likely be in demand, and these bargains are making those who need to sell, sell at sacrifices to those looking towards the near future.
Several banks look disgusting. HSBC, Deutsche Bank, JPM. China is in a whole world of hurt, and manufacturing is going to be offline in many places for over a year.
Shortages are going to run for years, 3 years, this is going to be a grueling recession. Those with any type of real finite wealth will be able to acquire goods in demand.
China is coming out with a gold backed digital currency, and that will spark gold rushes in the east,
thus creating pressure on the dollar in the west if it can survive the trillions printed so far to save the markets, and now the markets collapse even after 6.6+ trillion dumped into repo and other sectors.
I didn't expect this much crazy this quickly, and figured 2021 was a better point for a financial crisis, perhaps the dollar will last until then, but ~july 20th 2020 is a possible point for the dollar bond bubble to burst.
Bonds are the bubble to be worried about, and frankly, I had a close eye on the printing, but they ended the fred base charts in dec 2019,
with the stress on the market, derivatives are going to crash the banks and the bond market for a financial meltdown that will create a new era in monetary systems, digital money, AI, field theory/technology, healthcare, silver use, sound currency... the end of fiat.
This is not trading/financial advice.
Suppose people sell everything when in doubt, doesn't make sense to me, either that or it's manipulation.
Whatever the case, gold will likely be in demand, and these bargains are making those who need to sell, sell at sacrifices to those looking towards the near future.
Several banks look disgusting. HSBC, Deutsche Bank, JPM. China is in a whole world of hurt, and manufacturing is going to be offline in many places for over a year.
Shortages are going to run for years, 3 years, this is going to be a grueling recession. Those with any type of real finite wealth will be able to acquire goods in demand.
China is coming out with a gold backed digital currency, and that will spark gold rushes in the east,
thus creating pressure on the dollar in the west if it can survive the trillions printed so far to save the markets, and now the markets collapse even after 6.6+ trillion dumped into repo and other sectors.
I didn't expect this much crazy this quickly, and figured 2021 was a better point for a financial crisis, perhaps the dollar will last until then, but ~july 20th 2020 is a possible point for the dollar bond bubble to burst.
Bonds are the bubble to be worried about, and frankly, I had a close eye on the printing, but they ended the fred base charts in dec 2019,
with the stress on the market, derivatives are going to crash the banks and the bond market for a financial meltdown that will create a new era in monetary systems, digital money, AI, field theory/technology, healthcare, silver use, sound currency... the end of fiat.
This is not trading/financial advice.
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