{quote} There is no cycle or correction ! Rather, it is a policy of compensating for the losses of US tariffs on imported goods ! That is, the US imposes customs tariffs on Chinese imported goods! And China, with the movement of price whales in the metal and digital currency markets, brings the price to the bottom of the market, and at the same time, with step-by-step purchases and imperceptible purchases, gradually raises the price ! This attack of whales compensates for China's export tariffs to the US !
there is cycle and correction, which people like you unable to understand, unable to see it through..., as at beginning of this sell off, i already seen it is coming as there is a sign of buying climax lol 0.0 but most of people still buying and looking for 6k+ which is unavailable as market cap doesn't allow that -.-and money flow in market will quite fast, not slow and step-by-step as you think -.- it is very wrong in concept of money, problem is how long they want to accumulate/distribution this time, it is unknown
even war come at middle asia, which will happen soon, but price of gold might not increase, and even decrease even dramatically drop (of course they have to sell asset to pay the war at some point just like russia) that is very wrong in mind, news doesn't affect price in direction, it might help price move faster only!
Gold doesn't help the war in physical thing, but in financial, which mean they sell gold for gun and ammunition -.- not using gold to shoot people
History repeat itself, buying gold is preparation for war and using it in war or post war, in the past gold start drop after the total war come not after that
Yes! war is coming as many country is buying gold, but when the war start, it not gonna keep going up, it will drop, as the past show us, due to they start spending asset to pay war machine. At the time, people need food, medicine, something to protect themself, not useless metal or printing paper
Do you wonder why everything in red last week? i could only guess, there is no evidence yet, but still could be it as our great American need cash, to start paying the war machine is coming. The same thing Russia have done for last few month. This is not the first time, the same thing happen right before WW2 with our American (Gold rise to peak, US in big economic collapse, stock market red! right at 193x, then the WW2 start). And you could say, American did not join or being affected by any war before... but they prepared before it happen, they knew it might come. As everything happened, you got no chance to raising profit with buying asset.
And with the biggest hand selling for coming war, gold might drop, not increase anymore, it is strategic move from our China. Pump gold hard as it can, short squeeze the US, force US to sell gold. With the most asset of the world they will be the one dominate the world as US have done in last 100 years lol -.-
(most of contract sell now at 4800 and 4500, due date is March => they have to sell real asset to start save their contract lol 0.0 and also take profit of buying otherwise those contract cost them a lot of money, the same thing they did in 4k4-4k, a big drop back to 4k and hold for week, just for correction and due date of contract of Oct)
In short, short term is selling, but long term still buying as MN chart still show sign to up side, which mean it is possible for a big sideway
Please do research history! It can help you
Will is the most powerful weapon in the world.
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