Gold the Doomsday hedge is telling, that something big could be brewing. With two major conflicts occurring in the World and the U.s. trying to manage 'low intensity' proxy wars with nuclear armed states, speculative markets could unwind en masse. Gold would be bid, reaching 3000+

Gold is not an inflation hedge per se, with the markets out of whack ala Crypto's assetless 'asset' hedging, and hope that the Federal Reserve will cut rates, despite inflation embedded into the U.S. economy.  It has taken the shine off Gold's traditional hedge against inflation.  Rather, Gold, as mentioned on Chiasmus many times before, is more of a Doomsday Hedge.  Israel's war against Hamas, with their invasion and siege of Gaza has lifted the Gold price more than the Ukraine/Russia conflict which has been an interesting play on the rare metal, pertaining that NATO can contain a conflict with Russia within Ukrainian and Russian territory.  Which would have been unheard of during the last Cold War.  But, the risks are numerous, more so Ukraine striking Moscow directly with a long range 'Western' missile, to a miscalculation from both sides, which could, in theory set off a Nuclear strike by Russia on Ukraine.  The more the Ukraine/Russia war drags on, the more the risks mount to what could be a serious escalation into wider Europe. 

Israel, which has been given the green light by the U.S. to fight in a so called 'low intensity conflict' with Iran, by engaging directly and attacking Iran's proxies in the Middle East, may indeed lead to a strike on Iran itself by Israel.  Or, the other way around, since Israel on the 1st April 2024 bombed the Iranian embassy in Damascus, Syria, killing senior Iranian military officials.  Iran has vowed to retaliate, while America claims it will support Israel in any counter attack onto Iran, if Iran does launch missiles at Israel or their assets.  And these targeted attacks onto Israel's 'assets' could be freight ships, cargo planes and even the oil fields of  Azerbaijan, Kazakhstan where Israel imports most of their oil. 

Gold is currently trading into no man's land, above its support of 2160 and bid at 2400.  The parabolic incline of the Doomsday Hedge is actually very prophetic.  One cannot rule out $3000 per ounce, on this very perilous geopolitical landscape.

(12th April 2024)

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All posts on Chiasmus re: Gold.  Please refer to this link: chiasmusmagazine.blogspot.com/search?q=gold