Is Gold signalling a crisis?
Gold is going parabolic and typically that doesnt mean a good thing.
Now there are many reasons this could be rallying and likely a combination of the few.
- Fed Rate Cut
- Geo political tension
- Weak Fiat currencies
- Currency Crisis
- Weakening economies
In a time where gold enters these monthly extreme RSI moves it typically signals a good time to start trimming.
Gold usually goes through a multi month correction but this could also spill into other asset classes.
As the steepening effect on the 10y/2y finally was confirmed today, large macro implications could follow and this is exactly what Gold confirmed this week.
Now there are many reasons this could be rallying and likely a combination of the few.
- Fed Rate Cut
- Geo political tension
- Weak Fiat currencies
- Currency Crisis
- Weakening economies
In a time where gold enters these monthly extreme RSI moves it typically signals a good time to start trimming.
Gold usually goes through a multi month correction but this could also spill into other asset classes.
As the steepening effect on the 10y/2y finally was confirmed today, large macro implications could follow and this is exactly what Gold confirmed this week.
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