After the best year for gold since 2010 and with the possibility that the dollar has PEAKED for this cycle, gold’s latest correction from $1,611/ounce on WW3 rumors, down to the mid-$1,500s today, is an IDEAL entry point for new positions, as we see it.
I’ve got big news for you. Greg Jensen, who many consider to be Ray Dalio’s deputy, just went on record that gold has a viable 30% upside potential, which would take it to NEW all-time highs.
Behind closed doors, FED Chair Jerome Powell has very different thoughts and holds quite contrasting points of view regarding how the Federal Reserve is handling monetary policy, from the ones he lets out to the media.
Gold started climbing in December 2015 (four years and one month ago) and is up 55%, since then. During this time, (1) the FED was tightening, (2) inflation was low, (3) the stock market SOARED, (4) the dollar was hitting ALL-TIME highs and other commodities didn’t participate in a rally.
“He’s a person who executes” – that’s my first response when asked what I think of President Trump. You may like him or hate him, but he is a most impactful man.
What a year; what a decade. In the past 10 years, the fallacy of the mainstream media has been that FED liquidity is the most determining factor in equity returns, but that’s only a small part of the bigger truth.