With the current state of the world economic stage: Russia/Ukraine, sanctions, inflation, logistics nightmare.... and Russia today re-adopting the gold standard. People will be looking for scare assets to allocate to. 715 days it took to reach the last ATH with the current state of things I think the market can do it in half the time, reaching a price level of 3k by E.O.Y. based of the 79% from bottom to ATH last run up. With the 20, 50 and 200 EMA having consensio and a clear divergence I believe that this trade is inevitable. The question of if gold is scarce is another question and not for the time being, most people believe it is so we will go with that.
"Cheers my bag just got so much heavier"
-KewlKat
"Cheers my bag just got so much heavier"
-KewlKat