May well be Mikebr...
If the next leg down is technical - then it prolly won't effect gold much - which will continue steady up.
If it's because new deflationary concerns are getting priced in - gold will take a hit. The recent spike not withstanding. As well as my head being in the sand...
and hello - do I hear them heading to US treasuries? Indeed I do... Now why would they do that when they are losing faith in the usd?
Getting interesting tho - the usd is looking set to meet the 50 ma shortly... will it cross?
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