Goldman Sacha put out a note today saying to get long gold in...

Goldman Sacha put out a note today saying to get long gold in accordance with my post, so I don’t think I’m alone in my thinking. They have revised their PT for usd gold to 2150 from 2000 by end 2022. Basically I agree with their reasoning which is that usd may weaken as inflation and fed tightening slows, plus the flight from gold to crypto as the new safe haven may reverse, plus gold is a good portfolio hedge against ‘bad inflation’, etc etc.

I’ll find a link and post it. It doesn’t say anything particularly new, but just to support that I’m not the only one seeing this as a good entry point for gold, and Aus gold stocks are basically a play on gold with leverage and with the aud as a natural hedge against a rising usd which tends to weigh on the gold price