Gold Crashes as War Rages: Is the Safe Haven Myth DEAD?

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EXPLOSIVE DRAMA: U.S. BOMBS IRAN โ€“ WORLD ON EDGE!

In a jaw-dropping turn of events, this weekend saw the U.S. military unleash hell with B-2 stealth bombers and bunker-buster bombs on Iranโ€™s nuclear facilities! Buckle up, folks โ€“ America has officially entered a precarious Middle East crisis that could change everything!

Iranโ€™s parliament is fuming and backing threats to SIEGE the Strait of Hormuz โ€“ the very artery of the worldโ€™s oil supply! Weโ€™re talking about 20 MILLION barrels of oil flowing dailyโ€”a staggering FIFTH of all global shipments! If Iran goes through with this, itโ€™s like putting the worldโ€™s economic jugular in a vice grip. An oil crash could be lurking just around the corner!

GOLD IGNORES CHAOS โ€“ WHATโ€™S GOING ON?

Meanwhile, gold has thrown its hands up in disbeliefโ€”it recently spiked $75 but then did an about-face. And guess what? The USD Index just broke above its declining resistance line like itโ€™s trying to signal a major trend shift!

But hold on! In the face of potential annihilation, GOLD ISNโ€™T RALLYING! Gold has defied every alarm bell, even after Israelโ€™s airstrikes sent shockwaves around the globe. Instead of soaring, gold has plunged 2% since the chaos ignited. Right now, itโ€™s bumbling down by a whopping $8!

Letโ€™s break it down:

  • U.S. BOOM on Iran โ€“ historically, this would send gold skyrocketing!
  • Threats to choke off the worldโ€™s oil lifeline!
  • Potential for a full-scale war!

And goldโ€™s reaction? Itโ€™s acting like a deflated balloon! This is NOT how the so-called “safe haven” asset should behave during a geopolitical earthquake! When gold falters in the face of catastrophic news, it’s a WARNING SIGN that cannot be ignored. Itโ€™s like trying to launch a rocket, but the engine sputters instead โ€“ somethingโ€™s broken!

IS A MAJOR DOWNWARD SPIRAL LOOMING?

The ramifications here are earth-shattering. If gold canโ€™t muster any strength while the U.S. bombs nuclear sites and dangles the threat of war, what on earth could ever rejuvenate it? Itโ€™s starting to look like the answer is โ€œNOTHINGโ€ for the foreseeable future!

Did mining stock investors see this disaster coming? Not likely! On Friday, we witnessed the lowest daily close of the month! The VanEck Junior Gold Miners ETF is treading dangerously close to its April high. With todayโ€™s weak market tremors, we could be hanging by a thread before this breakout collapses, plunging us into an even deeper abyss! And for those savvy enough to bet against it, this could spell BIG profits!

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Source: USD @ Wed, 16 Jul.