Sadly, this is not about gold as much as the US dollar that is collapsing to most everything, especially #cryptocurrencies. #MonetaryPolicy in the US has been atrocious and there is growing disinterest in the dollar due to it's geopolitical, potential trade wars, and fiscal policies now too. The run up in stocks is actually partially due to a growing unease about inflation.
I don't see inflation yet, however, if the dollar keeps falling it will happen even if there is zero growth in the US, making stagflation a possibility.
Gold - Breaking Above 6-Year Falling Resistance
Sadly, this is not about gold as much as the US dollar that is collapsing to most everything, especially #cryptocurrencies. #MonetaryPolicy in the US has been atrocious and there is growing disinterest in the dollar due to it's geopolitical, potential trade wars, and fiscal policies now too. The run up in stocks is actually partially due to a growing unease about inflation.
I don't see inflation yet, however, if the dollar keeps falling it will happen even if there is zero growth in the US, making stagflation a possibility.