Welcome back everyone and Happy Saturday.
We are diving into commodities today with a specific focus on Gold. We are going to look at both GLD (the ETF) and GC (the Futures contract) to give you a complete picture of the landscape.
The Macro Context
The monthly timeframe on Gold is just unbelievable. It based out hard, and now we are “mooning”. This move is largely a compensation for inflation; we have printed 80% of our money supply in the last five years, and metals are reacting by pushing higher and higher.
Current trend status: Up, Up, and Away. We have no reason to believe anything other than the fact that it is going up. Now lets look at the levels to buy!
