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Showing posts with the label Gold the Doomsday Hedge
Gold trades record highs at $3895, as Trump 2.0 adds $4 Trillion plus to the U.S. debt mountain, while cutting back spending on environmental, social and equality programs in America. Threatens to sack thousands of government workers if the shutdown occurs. It has occured. Keep in mind, Gold is also a doomsday hedge ala global conflicts.
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Self explanatory chart/s: Gold the doomsday hedge is in unprecedented territory, trading above the psychological $2400. The "Proxy war" between Israel and Iran is over. Israel has instigated, with its April 1st attack on the iranian embassy in Syria, the next regional conflict, starting with Iran. Gold could hit $3000 an ounce.
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self explanatory chart: Gold the doomsday hedge spikes 0.50% on festering 'risk aversion', breaks the psychological $2000 resistance. At 8mth highs, settling above $2014. Will the U.S. strike YEMEN? Re: U.S. destroyer's fired on by Yemen medium range missiles.
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Self explanatory chart: Has risk aversion on U.S Dollar and oil hedges been replaced with gold the doomsday hedge?
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Self explanatory chart: Gold the doomsday hedge surges after Israel bombs a Gaza hospital, killing 300+ Palestinians. Jordan cancels summit with Joe Biden 'peace' plan is now in disarray. As Israel attempts to destroy most of Gaza. All eyes on Hezbollah and Iran for counter response. (update 1)
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Gold, the Doomsday Hedge, has been activated and then deactivated. Long positions blown out. Part 2?
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