on Mar 29 2024 , gold made a new all time high of 2254 us dollars per ounce
Is it war premium or more money printing from the US federal reserve or expectations of the upcoming rate cuts or US dollar devaluation or de-dollarization ?
could be a combination of the above
on oct 1 2023 , the price was 1820 , now six months later , it is 2254 – a jump of 430
the dow theory flag up pattern states that another jump of 430 will happen in 6 / 3 = 2 months
so the expectation of gold is 2600 us dollars per ounce by June 1 2024 or so
time will tell – watch this space
