The reason for the gold slump has been found!

Dec 23, 2020 at 13:41
827 Angesehen
2 Replies
Mitglied seit Aug 19, 2020   15 Posts
Dec 23, 2020 at 13:41
It was interesting this week, just as the market generally believed that trump would soon sign the aid bill (the White House also said last week that trump had agreed). However, according to the AFP news agency, trump refused to sign the bill, pouring cold water on the gold at night and falling more than ten dollars at a time.

Trump asked Congress to revise the plan. He hopes to increase the individual subsidy from $600 to $2000

 The day is optimistic about the fall in gold prices, but for next week, gold has a more profitable expectation, in the coming time of the Christmas holiday, it is not small fluctuations!

2021 is destined to be extraordinary

The new crown vaccine is on the verge of emergence, and the virus mutation is unprepared. In the next two years, there will be a global turmoil. It is hard to know how to evolve in the future. The only thing we can do is to grasp the steering wheel, fasten the seat belt, and think about how to deal with the changes in the future and how to integrate with it.

As a result of the epidemic, the world is competing to release water to stimulate the economy, and developed countries are directly sending cash to the people for living. As a result of the epidemic, most of the over issued currencies have entered the financial market (stock market, futures derivatives and bonds). As you all know, I am talking about the United States. Such a large pool of US dollars is astonishing.

We don't rely on the accuracy of time to do business and investment, but we enjoy the advantages brought by the long-term nature of time. This is the friend of time.

In the future, we need to focus on a few things

1. What is the effect of mass vaccination? How good is the effect? The epidemic situation can be effectively controlled in a wide range. In the post epidemic era, the economic recovery expectation will not change. This expectation will continue to promote the prices of bulk commodities, such as copper, silver, oil, etc.

2. In the future, according to how the epidemic is controlled, pay attention to the actions and wording of the Federal Reserve, and when it will shrink its watch. Now the Federal Reserve says that we will support the economy without reservation. I don't believe it. As for why, to understand. There seems to be a lot of such examples.

After this signal, the stage of gold will basically come to an end. As for what some people say will rise to $5000-10000, ordinary people can't see that far. That could be five years, 10 years from now.

3. Pay attention to the inflation level in the United States? Although this data is constantly changing, we can't anchor the rise and fall of gold, but we can revise our general direction view according to the current inflation level. If the inflation level reaches more than 5%, it is certainly afraid to short gold. How to make moderate inflation, it doesn't matter, but it is a good thing, which shows economic activities It's quite good.

Gold's future is optimistic, with a big shock between $1705 and $1930 (after correction), while silver's future is still waiting for the accident of $40 to $60 an ounce.

2021, it's coming. The world will be a new one. No matter how we live in 2020

Trade whether you win or lose, you also need to let go of the past!

If in the new year, you still encounter many setbacks, feel dissatisfied, unhappy, still encounter burst, feel depressed, regret.

Remember this: 'everything will be good in the end. If not, it's not at the end of the day. '
Mitglied seit Oct 16, 2020   137 Posts
Apr 08, 2021 at 11:14 (bearbeitet Apr 08, 2021 at 11:20)
Thanks for sharing. The post is quite insightful. What do you tihnk about gold in the current situation?
Mitglied seit Jun 08, 2014   120 Posts
Apr 17, 2021 at 00:31
Gold is on the way to bounce back to level 1800 . I would prefer to sell rather than buy .
Often , the best trade is no trade at all
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