Central banks are starting to show their cards, and this surge in gold has been relentless.
It is remarkable to see this price behavior on days when Treasuries fall and inflation expectations rise.
The race to improve the quality of their international reserves is just… pic.twitter.com/uxx8Bq2D5V— Otavio (Tavi) Costa (@TaviCosta) April 1, 2024
CNBC talking heads, pundits, have no clue why gold is spiking.The recent rally has nothing to do with rate cut expectations.This is something much bigger.The west is losing its pricing power in gold..China and BRICS are setting the price. https://t.co/voSEW708zv
— Frank Giustra (@Frank_Giustra) April 1, 2024
Gold has finally confirmed an inverse head and shoulders breakout which could get it to over $2500
This is big and makes us bullish on Gold
It has finally confirmed an inverse head and shoulders breakout
Which could get Gold to over $2500 pic.twitter.com/8SMuuiCygW
— Game of Trades (@GameofTrades_) March 28, 2024
Peter Schiff brings up a good point about inflation…
From 1966 to 1996 there was only one year where the annual #inflation rate was 2% or less. Other than that, the next closest year was 2.5%. If inflation only hit the 2% target once over that 30-year time period, what makes #Powell so sure the next thirty years will be any better?
— Peter Schiff (@PeterSchiff) March 30, 2024