Gold Is Setting Up For The Buy Of The Year And Maybe Of The Last 5 Years

January 29, 2024

The dollar is in the advancing phase of a new intermediate cycle and that means the euro is in the declining phase of an intermediate cycle. This has ramifications for metals. As long as the dollar is rallying, it just makes it much easier to keep metals suppressed.

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The world’s gold supply increases by 2,600 tons per year versus the U.S. steel production of 11,000 tons per hour.
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