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33,126 Posts.

1404

13/03/22

06:19

Post #: 60160155
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Originally posted by Bik: ↑

Although the gold price has been very volatile, it's good to see gold finish a long way above the lows for the last couple of sessions. If gold can consolidate without getting sharply sold down, that would be bullish IMO.

The global macro picture could very well end up putting a rocket under the gold price. The Global Economy was already grappling with Runaway Inflation and now the Russian invasion and subsequent sanctions/retaliations has made matters so much worse IMO. The US has the highest inflation rates in 40 years and the Eurozone is at risk of massive inflation spikes (potential Hyperinflation) as their producer price index skyrockets. More and more, it looks like the global economy is set to go through the nightmare of Stagflation, and this could be extremely positive for Gold and Gold Stocks.

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The only place you're likely to see hyperinflation is in Russia. And not even gold will save them because it's got Russian marks.
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0 Great analysis

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