JAN 26, 2018
If a picture’s worth a thousand words, these charts are worth millions.
Renowned technical analyst Clive Maund, in his inimitable style, elegantly paints the chart-based picture of where we were, where we are, and what is about to happen in gold…
…and in the USD:
So, the sequence of events in this controlled demolition in a nutshell is this – the dollar drops hard, Treasuries, which are already very close to breaking down from their long-term uptrend, tank, and interest rates skyrocket. The stock market, already massively overstretched, implodes. The speculative urban real estate market crashes and gold and silver soar as a safe haven, amplified by acute shortage of physical, most of which now resides in vaults in China.