interesting historyUS invaded Iraq in 2003. US stayed there...

interesting history

US invaded Iraq in 2003. US stayed there until 2011 when it withdrew
gold rose from 2002/2003 to 2011 then fell

I started on gold when it broke $400 early 2000s and seemed a slow and painful journey at times

since gold broke through 2000 level in 2024 it has spiked and spiked some more
parabolic is the word i would use

will it continue here is the question i ask myself
will all stocks get hammered first including the goldies

then we have the history of the 1979/80 oil crisis and gold spike. now that was a spike and gold then fell for 20 years
i really did not expect it again in my lifetime
interesting to me is that oil is spiking here (and with good reason) but gold has fallen in the short term
I have never felt as unsure about gold as i do just here
i have no answers and some big questions.
I can kinda see a roadmap unfolding
US Fed is one driver and rates not dropped last week. I expect the inflation data as it unfolds will be a big driver for gold
rates will drop and gold will recover


other big driver has been the treasuries led by china. china stopped buying gold for 3 months last year and gold fell
does anyone know who is still buying. we do get data end of month so will be interesting
i expect gold to definitely regain its lustre this year but for me it is a question of when
I am just not so sure about gold in the short term

happy to be wrong and my posts are for my own benefit
dont get me wrong. there is a lot of good info on here but i find the w....s get so hung up on their own perspectives and being right.
i know my limitations.

one of my friends on here posted weeks ago that gold is now a tier one asset for the world banks. another support for gold

we also have the brics using gold almost as currency

so yes gold for long term for me but it needs to regain its momentum first
as always i would love a cleansing hammer. we had it on oil on 7 april and look at it flying now. i expect the analysts knew then how it would unfold.
i expect gold to do the same but will see the next little period