WHY IS THE GOLD PRICE STUCK?

 

The gold price is stuck around $3300.  That's only $800 up since the election in november.  What's wrong?

In fact for a whole three months gold has gone nowhere but sideways.  What in the world is wrong?

Maybe the tarrifs could actually work.  Maybe the current government debt binge is really no bid deal.  Maybe the world is on the verge of another Pax Americana.  Maybe the US consumer is much stronger than anyone realized.  Maybe the stock market is about to set off on another stunning leg higher.  Maybe we're on the verge of a true Golden Age.

If anything above sounds the least bit reasonable to you, Gold is really the wrong investment for you.  Stop reading and go out and buy stocks.  Or bitcoin.  Or buy calls on Invidia.  And do it all on margin.  It's a golden age: what could go wrong?

On the other hand, maybe Time unfolds on its own schedule.  Maybe the massive regressive tax that we call Tarrifs will take its own good time to destroy the the purchasing power of the US consumer.  Maybe, the back and forth media-opportunity diplomacy will yield nothing but an ever more dangerous, wars-torn world.  Maybe the debt binge that defines our current Government will lead to an EVENTUAL credit crisis.

If any of tht sounds reasonable maybe you shouldn't worry about when gold will break out on its next upleg in this generational bull market and just keep patiently stacking.