Chart - TA, page-3

Yes, I read recently that GLD had high reception rate, don’t really understand how to interpret that signal. On the flip side I follow David Hunter basically a few I follow do out of curiosity of his views. Pre-election in US when the US equity we’re getting nervous (sell off), he made a convicted prediction that the markets would ‘melt up’. I don’t base my views on guru predictions but he is right.

He also predicted that gold will get to $2300 in time as the Feds will pump even more $ into the economy creating hyperinflation but not the Weimar type, more an eighties double digit inflation. In reality a decade of low inflation, low IR and economies are still buggered besides equity, I’m skeptical unless we are talking long term structure.

Gold is either long term double top or eventual monetary policies push it through on a new rally. Bitcoin could be the lead as millinials chase digital gold.