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InvisibleAhab McBathsalts
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Gold is finally breaking out
    #28512652 - 10/21/23 08:10 AM (3 months, 6 days ago)

It's been a rough decade for gold, but it's finally breaking out. This is a very attractive entry point I believe.






Everyone has been saying how with multi decade high inflation, the performance of gold has been disappointing, maybe it's time it turns around. Commodities have taken a backseat to the Nasdaq companies since 2012. But maybe this is a normalization of credit cycles where bonds have expected real return, commodities have their place in the economic cycle, and zero percent interest rate companies that don't make a profit have a harder time coming to market without a path to profitability.

The flip side of thinking that gold could rise at 7-10% a year for multiple years is that oil may also rise substantially and I've been vocal in the past that following the fed's aggressive rate increases a spike in energy prices to all time highs would be the chef's kiss on recessionary conditions and no one is looking at oil to hit $120-$160 a barrel. I don't know what causes it, but it would only be fitting for this economic cycle.

Anyway Go GOLD!


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