There is no way to analyze what gold will do based on the gold/dollar chart.
(and that bitcoin/dollar chart will probably not help at all.)
Or will it?
We all know that gold price is manipulated.
The spot price is not what large buyers pay.
The spot price is only an illusion kept in place for us little people.
So the only thing we can say about gold is that at some point, it breaks away from its manipulation.
You could say it already has. The premiums on precious metals at coin shops is getting outrageous!
The breaking away from manipulation will undoubtedly mean that many other things have broken too. So, we could see gold at $100,000 per ounce... while eggs are $250 per dozen.
It is also a real possibility that gold becomes priceless. No one willing to exchange it for dollars in the bank.
RE: #GOLD I was thinking of using AI to write this blog..