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Gold Soars Above $5,000 As Chaos Rally Goes Parabolic
I love the smell of flaming fiat in the morning.
On Monday, gold added to what was already a double
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I’m old enough to remember when AU was $35, and Trick Dicky pulled it from the tar
I really am not comfortable with gold and silver at these levels–and I own gold! I still believe (perhaps suspect is a more accurate description) that the majority of this demand is coming from China: not just from their central bank, but also from their retail investors in particular. A 10% decline in the DX-Y simply does not = a 150% increase in the price of gold over the past 1-2 years.
Another recent buyer of chunky amounts apparently has been done by the folks behind the XAUT stablecoin. Or something of the sort. Above 30 tons for two months in a row.
That was to support the Tether XAUT product.
Let’s see how long the president’s new view on the dollar lasts. Or will the adults in the room step up quickly?