Next series of taps hopefully would be the 1975usd level taps then the 2000usd taps.
Gold is rising due to Feds having lost the fight even before it started. Yes the geopolitics angle does helped a bit but it is mainly about inflation.
a lot early this week was betting on emergency rate hike. That didn’t happen, now March comes if feds only raise 25bps, that’ll extremely bullish for gold as everyone is expecting at least 50-75 bps rate hike. Lets see how gold performs in the next weeks and months especially when inflation hits 8%next month then above 10% peak.
tap tap tap
CEO speaks about Near Term Mining and Financing, page-62
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