The market has been "configured" to be bullish due to the extremely loose financial policies over the last couple decades. But the fed is changing its tune and the market will take time to adjust to this new reality. This is why i believe gold will go back to $300 per oz because that was the price before the financial policies started loosening up. There is arguably also alot more gold in circulation today compared to 20 years ago, partly because the rapid rise in the price of gold has fueled investment in gold mining, and the narrative that the "dollar is history" has made many people hoard it over the years. There is just serious potential for a bear market of unexected proportions as people who have been hoarding it arent seeing the returns they had hoped for and will begin selling but lets see.
If you want you can look into Wyckoff theories perhaps using google which is what this chart is loosely based on. An accumulation phase and a distribution phase. I am terrible at explaining it so i suggest you take some time one day to look it up since in my opinion there seems to be alot of truth to the observations and theories Wyckoff made. Have a nice day.
If you want you can look into Wyckoff theories perhaps using google which is what this chart is loosely based on. An accumulation phase and a distribution phase. I am terrible at explaining it so i suggest you take some time one day to look it up since in my opinion there seems to be alot of truth to the observations and theories Wyckoff made. Have a nice day.
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