Let me make a few side by side charts first.
Gold last bottom, compared to the stock market.
Gold and the bond bubble:
The bull market is back hurrah:
WHAT did go up? Obviously...
Conclusions:
> Do not expect a direct clear correlation. One would mean people have a crystal ball...
> Gold should go up in the future, bottom and start going up in perhaps the next 2-3 years.
> There is probably no point FOMO buying now, and anyway now is not a good entry.
I see mainly 2 possibilities, and I would trade this in one of 2 ways:
A- Perfect bottom
Hold approach
Short term trade approach
B- No perfect bottom
For me there is no scenario where I would FOMO in now.
I'll buy at ~1200 in a few weeks normally, take profit and leave some in + trail my stop so this might be my entry, it could just go up from there, not impossible.
Gold last bottom, compared to the stock market.
Gold and the bond bubble:
The bull market is back hurrah:
WHAT did go up? Obviously...
Conclusions:
> Do not expect a direct clear correlation. One would mean people have a crystal ball...
> Gold should go up in the future, bottom and start going up in perhaps the next 2-3 years.
> There is probably no point FOMO buying now, and anyway now is not a good entry.
I see mainly 2 possibilities, and I would trade this in one of 2 ways:
A- Perfect bottom
Hold approach
Short term trade approach
B- No perfect bottom
For me there is no scenario where I would FOMO in now.
I'll buy at ~1200 in a few weeks normally, take profit and leave some in + trail my stop so this might be my entry, it could just go up from there, not impossible.
Central banks are accumulating gold as we 'speak'.
These 2 facts look funny when put close to each other.