Its Over, page-23291

https://x.com/great_martis/status/1824586641601933412

$2800 Gold

Why is that possible?
1. Fed pivot almost assured with first rate cut in Sept or Nov
2. US deficits are about to get worse with policies of both presidential contenders, doling out tax breaks and subsidies
3. US political uncertainty could bring about a deadlock or worse civil unrest
4. Global worsening geopolitics
5. More central bank buying
6. Funds underweighted in Gold, when tech no longer excites, we could see more money flows into safe haven defensives like Gold
7. Prospect of Recession or worse a systemic event
8. Falling dollar = Stronger Gold but Gold could get stronger despite dollar going sideways

But if we get a train wreck correction, Gold could be a collateral damage in the process and fall in tandem with equities though falling less. So to me Gold is in slow accumulation phase with more $$$ reserved for eventual decline (if and when it does that).