I can see the future. Even if the market can't.
The market doesn't look towards the future. In stead it looks at the current trajectory of the underlying asset and projects that out into the future, while lurching up and down according to the rumors, lies, data points and underhanded trading schemes that affect each passing second.
But over time it is easy to see where things are heading.
And with Gold the overarching ineluctable driving force is debt.
Debt and Interest Rates. Because rates and debt control the fate of the value of the paper currency.
And over time we know the debt is heading ever higher. Higher and Higher and Higher.
And now we know where rates are headed. Because our politcal leader has told us he wants rates back to ZERO. If he has to charge Jerome Powell with corruption to get him out early, he will. He's telling us that every day. Believe him.
And even if he has to wait a year to put in a puppet Fed Head, we still know where rates are headed: Back to Zero. He's telling us that. Believe him.
At least short term rates. Then if long term rates still back up, as they most certainly will: We'll get quantitative easing and negative rates.
So with rates at Zero and Debt headed towards infinity where will Gold go?
Up and Up and Up and Up.....
Regardless of short term gyrations, that is the future for gold.
