Interesting bet here. The current currency is in a total mess. The major economic systems - US, UK and Europe - all had inconsistent votes in the interest rates decision - US is accelerating tapering but keeping the rate unchanged, UK is raising the rate for the first time but keeping the quantitative easing, and Europe is the most dovish among all three here - still tapering pandemic stimulus under the same rate. Still, they don't want to admit their mistakes for letting the inflation rate to soar, thinking such little moves can curb the inflation. I would think it's too late now, and any of these actions is insignificant. Currency war is inevitable, and gold is going to gain benefits from this. While the date for Winter Olympics is approaching, there is a higher chance for any black swan event, and this could be the turning point for gold price to go ballistic. And the timing syncs well for the geophysics target result in February.
LCL Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
