When Might Gold Become Useful Again?

The title is a trick question. Gold is always useful, even when its heavy ass is going down in price or going down in relation to economically correlated assets like commodities. Insurance and value retention are always useful.

Gold is there for when things fall apart, or just after things fall apart. That despite the legions of inflation humpers in the gold “community”. It’s not a play and the promoters refuse to promote that because it’s too simple.

So when might the monetary metal bottom vs. reflating commodities? The monthly chart seems to think that 7 to 7.50 could be an important area.

gold/crb ratio

For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed interim market updates and NFTRH+ dynamic updates and chart/trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.

Testimonials