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Several years ago, I suggested gold’s mauling of the world’s fiat monies would pause around April of 2026. That pause began in February. Many more beatings on fiat by the world’s currency queen lie ahead, but a lull in the action is the current theme and…
Pleaseclick here now. Double-click to enlarge this long-term chart of failed fiat versus gold. It’s critical for gold bugs to stay focused on the big picture, and to understand that gold is not a“hottie stock”.
It’s the world’s most awesome currency, so the focus of investors needs to be on patiently getting more of it.
For a look at the daily gold chart, pleaseclick here now. Double-click to enlarge. On this daily chart, there are some “green shoots”, like the double bottom for Stochastics (14,7,7 series)…
But leveraged futures traders are concerned that the Hormuz mayhem won’t end anytime soon, causing oil prices, and thus rates, to rise.
Those traders drive a lot of the short-term price action for gold.
Pleaseclick here now. The US government hoped to end the Ukraine war quickly. That hasn’t happened and the Russian central bank has begun resorting to gold sales to fund the insanity.
Pleaseclick here now. Double-click to enlarge. Note the “wet noodle” action of the key 14,5,5 series Stochastics oscillator.
It fits with Russian (and Turkey and others?) central bank selling.
Source: SGT Report
