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RE: What March 26th, 2018 Will Mean to the Petrodollar.

in #market7 years ago

I think it's possible that the effect on gold could be very rapid and we might see a return to all time highs. However, over the next 10 years we could surpass that and reach the all to often talked about figure of $10,000 per oz gold. Everything seems to be falling into place for much higher gold prices, even though the price itself isn't really telegraphing it, beyond breaking it's long term downtrend.

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What do you mean by "things falling into place" ?

The charts are setting up for the next move higher as gold has broken out of a number of long term down trend lines. Have a look at my chart posts for more info. Also fundamentally global debt has reached saturation point and appears to be nearing collapse. A global debt collapse can only be positive for physical assets.