"Looking again at the chart pattern, at the moment the right shoulder is being formed. Again the price movement captured in this chart reflects what’s happening with investor psychology.
As I mentioned earlier, the forced margin selling has ended. Gold has not made a new low and is starting to rise.
Now that investors once again have liquidity in the form of US dollars and other fiat currency, they are asking themselves what is safer: Physical gold with its 5000-year track record?
Now that investors once again have liquidity in the form of US dollars and other fiat currency, they are asking themselves what is safer: Physical gold with its 5000-year track record?
Or fiat currency that is likely to see an accelerated rate of debasement in the months immediately ahead? Owning physical gold and silver in my view is the safer alternative.”
- Source, King World News
