in fact, it was reasonably obvious late last year that the FED was not going to reduce rates in 2023/2024. Oil is the critical price to watch. if/when inflation goes up (second wave) FED should raise rates but will not because of the carnage that would ensue. Then gold will rocket in the knowledge that the FED is no longer able/willing to control inflation... that's when we shoot past USD3000 (a number i previously thought was a fantasy but which looks quite close now)
Ann: Singapore Future Facing Commodities Corporate Presentation, page-27
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