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$1,391.7 gold futures

It's only at an all-time-high if you ignore inflation, and only...

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04/12/23

11:54

Post #: 71254362
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Originally posted by AverageJoe: ↑

A new high as of this morning in Gold. Premature to speculate if it can hold from here.

What I have read as from a few hours ago in the Yemen attack on a US war ship succeeding from the attack on the British one that issued a mayday. Could this be the reason for a new regional war potential or simply the usual US Govt relying on more debt to fund whatever to favor political, economic & military survival?

Or is it simply the many years of speculative conspiracy from China/Russia stocking up physical gold stealth based tactic as a diversification from just US paper 'IOU' highlighted by the risk of sanctions applied to Russia from the Ukraine conflict?

I never know the facts from the fictions but the chart trend never lies. I just wish I had more convictions in accumulating gold miners when gold price was falling both in '22/'23. I did take advantage but not blind conviction unfortunately. The same thing applied to the EV new energy source, Lithium, post Covid was a 'can't go wrong' sector that is unravelling fast.

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It's only at an all-time-high if you ignore inflation, and only amateurs do that.
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0 Great analysis

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