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Think about it: February marks the biggest gold delivery in decades. Do you really believe the world’s largest banks will let gold prices rise and take losses on their shorts? Dream on. They’ll dump the market, and gold will drop to $2,450. #gold $XAUUSD $gold
@GarrettGoggin All these losers claiming that trade wars will drive gold prices up and using delivery data to "prove" their point should be fired. They forget inflation raises borrowing costs, making gold less attractive since it yields nothing
Wake up, people! Don’t fall for COMEX delivery news—just noise to make you buy high.
The Swiss 🇨🇭 are waiting for $2,400! Gold's inflated, and the game is rigged. Think before you jump in!
$gold #gold#xauusd
Gold’s at historic highs, but in the last 3 months, we’ve found tons of new reserves, and the average production cost is $1,700-$1,900/oz. Plenty of room for a drop—$2,450 looks ripe for a correction.
#xauusd#gold
All these losers claiming that trade wars will drive gold prices up and using delivery data to "prove" their point should be fired. They forget inflation raises borrowing costs, making gold less attractive since it yields nothing #gold#xauusd
#China may increase its budget deficit to the highest level in 30 years and implement the largest interest rate cuts since 2015, as signaled by top leaders. Economists predict next year’s fiscal deficit could reach 4% of GDP, a record since 1994, with policy rate cuts of 40-60bps