@goldstocktrades Back then - a trading hedging asset. After going 2x it is an asset for speculation which trades in line with all other speculative assets. Risk on - it is up, risk off - it tanks. It is already highest it has ever been vs USD M2. If the stocks tank further... you get the picture.
@kurtwuckertjr@RepThomasMassie@EdGallrein That’s the statistical anomaly which is typical in Russian rigged elections over time. Look up «пила Шпилькина» or Schpilkin’s saw named after the statistician who mathematically proved rigging in Russian elections via the statistical anomaly of high turnout / rigged votes.
Question for all the gold bulls / debasement trade advocates. The M2/Gold ratio in USD is at the lowest point since 1981. For the structural (rather than speculative) trend in gold to continue to biggilion per ounce, massive M2 expansion needs to start NOW. Whilst rising, M2 expansion is nothing like what is needed to keep this ratio from mean reverting for at least a period of a year or two. Hypothesis: we have already seen gold ATH for the medium term. #XAU #XAUUSD #XAG