Gold sniffs out when the world is going increase the world wide money supply. More money supply will reduce the purchasing power for the worlds population. Gold has shown to maintain purchasing power over time.
- The US money supply has been shrunk since COVID March 2020 lows, but the US money supply is still showing a positive gain since March 2020.
- US debt ceiling increases in 2023
- China has printed money (in USD terms) for there 2023 re opening.
- World S&P PMI showed an uptick in April 2023 (also a money supply indicator).
- More importantly gold can sniff out an increase in US money supply post US recession in 2024 (or earlier).
The world cycle investors recognise the above cycles are due for higher highs. This blog is not so sure about the war fundamentals Charles Nenner quotes, but you can be sure war is very much parallel with money printing.
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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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Investing Quote...
"Stock market technique is not an exact science. Stock (and commodities) prices are made by the minds of men (and women). Mechanical trading methods or mathematical formulas cannot compete with good human market judgment."..
Richard D Wyckoff
..."Politicians and diapers must be changed often, and for the same reason."..
Mark Twain
..“I buy on the assumption they could close the market the next day and not reopen it for five years” and “Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.”..
Warren Buffet
.."I never found beauty in the longing for the impossible and never found the possible to be beyond my reach"...
Ayn Rand
.."Wait for that wisest of all counselors, Time"..
Pericles