Next leg up $1400 by end of September, page-22

Dear All,
There are no winners in wars, however, ongoing geopolitical tension is good for gold.
IF I were The president of USA, I would strike a deal with the Chinese:
Get rid of Kim, let the Korean people unite and to please the Chinese, I will pull all the USA troops from Asia. This way there is no excuse for the Chines to keep a dictator regime in north korea.

The real issue is the trust.
USA does not trust China and they are worried that the Chinese are becoming the major economic force.
The Chinese does not trust the Americans especially under the command of Trump.

Because of lack of trust, there is no solution in sight.
It is a complex problem, similar to the Arab/Israel conflict.
It is going to last for months if not years, similar to the cold war.

Gold will skyrocket short term because of the geopolitical tension and be supported medium term by rising inflation, especially when the bubbles burst and the central bankers lose control over the mess they have created for generations to come with their massive debts and reckless printing of money.

Bitcoin is a bubble and once it is regulated, the bubble will burst and money will move into the real commodity, physical gold.

Most respectable analysts advise investors to increase their holdings gold to 10 to 15% of their portfolio (from average of 2.5 to 5%).
If Skol and the likes do not see that, I am afraid, they are not in touch with the reality.

I see $1400 not far off and unlike most analysts who are anticipating that level by end of year.

Let see if I can beat the analysts and say end of September.

Cheers,

Sydney