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GOLD THRIVES AS SHORTS GET SMACKED DOWN! 🚨
In a stunning twist that has left Wall Street agog, GOLD has exploded in value this past week, logging an awe-inspiring +4.8% gain—that’s a jaw-dropping 152 points—closing at a record-breaking 3358! Sorry shorts, your time is up! We’ve been shouting from the rooftops that “Shorting Gold is a TERRIBLE idea,” and this week proves just that!
"Are You Kidding? What Happened to the Predicted Downturn?"
Last week’s buzz had everyone buzzing about a possible drop into the 2900s. C’mon, folks! It would be sheer madness to ignore potential support lurking in the 2973-2844 zone. Remember the gold rush of 2011? Everyone was all in, shouting “Nuthin but Gold!”—only to watch it plummet -45.6% by 2015. What a crash!
A Glorious New High! 🌟
But guess what? Gold is currently sitting pretty -14% under its debasement value of 3891. So, while the short traders are reeling this week, we’re still holding our breath to see if Gold might revisit those nerve-wracking support levels.
This is the moment of truth, people! With Gold marking an All-Time Weekly Closing High, it’s still eyeing its daily record of 3442 and an intraday peak of 3510. The buzz? Gold’s +4.8% gain ranks as the 34th-best in the last 1,274 trading weeks.
What’s Next? The Stakes Are High! 💰
In the coming week, Gold needs to breach 3502 to flip the trend back to Long. And you bet that’s within reach! With a projected range of 155 points, the rollercoaster ride isn’t over yet!
Alarming Forces at Work! ⚠️
What’s driving this Gold frenzy? Well, get this:
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Moody’s late-to-the-game credit downgrade. Just when you thought it couldn’t get any worse!
- Trump’s jaw-dropping 50% tariff threat on European goods! Shocking, right? It’s a double whammy, sending the financial markets into a tailspin while Gold soars!
As a consequence, bonds are taking a hit, while Gold and the rest of the BEGOS markets are riding high! And here comes the kicker: Gold is climbing back to its smooth valuation.
Is It Time for a Wild Ride? 🎢
So, what should you expect next? Well, the short trend might not come to a screeching halt just yet, as trends have shown. Out of the last few years, only one Short trend lasted a mere two weeks! But let’s not get caught up—the potential for an explosive upward movement is tantalizing.
Economic Turbulence Looms! 🌪️
For the economic enthusiasts out there, the Economic Barometer has taken a nosedive since February, with only 39% of metrics showing improvement. Are we on the brink of something catastrophic?
FINAL THOUGHT: GOLD vs. S&P 💥
As we gear up for the holiday-shortened trading week, the spotlight remains firmly on Gold—still undervalued while the S&P is piling on the overpriced hype!
Stay tuned for weekly thrills in this high-stakes game that’s only just heating up! Cheers! 🎉
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