nvaaf on the otc has had bugger all trades latelyGold has hit...

nvaaf on the otc has had bugger all trades lately

Gold has hit $2400 usd

I don't think it's so much strength in gold, just weakness in the USD and other fiats.

Fed rates are a catch 22 at the moment. The longer rates stay high, the us debt is just spiraling out of control. Interest on debt adding to debt, even more interest - compounding hard. Now they're printing money to try and REDUCE inflation . Other global reserve banks are seeing through the smoke screen and stocking up on GOLD. At this rate, US dollars will be good for toilet paper.

Oh, and if rates come down, which they'll need to. (The irony of the US not believing China economic data, now they'll tell us what they want about inflation because they need rates to come down to stop the debt/compound interest spiral.) , will also feed into gold prices rising, as what's the point in holding cash with a low yield.

Looks like gold has a couple strong years ahead.

Hopefully we can make something of it before the bull run ends