gold, page-93404

Now that I have voiced my concerns with our “friendly” fellow poster, back to the main game. I don’t disagree that there may have been some rotation into crypto in the last few months. Tbh you would have been mad not to. Unfortunately (I’m just too old to get my head around the stuff so sadly missed out!).
Generally I remain positive about the longer term outlook, partially (and ironically because of some of the points that Slange makes)about rising debt, credit and money supply..
The one thing that still concerns me though is the velocity of money , or more to the point, the lack thereof. I suspect this newly printed cash is finding way overseas still, buying cheap goods from China etc . It’s a bit like filling a bucket of water when the bucket has a hole in it. Somehow that hole needs to be plugged before we see velocity of money pick up.
As for short term gold price, I am expecting a move to $1750-65 and a pull back thereafter to test previous lows. If however we get through $1765 on good volume, I will amend my outlook to extremely bullish