I'm getting back into the swing of phase space reconstructions in preparation for next month's presentation in Washington
Something we have been going through for some time.
Gold x USDX (the product of gold the gold price and the US dollar index) broke out in the summer of 2019 (similar to this post) in most convincing fashion. As we speak, the trajectory of the system has moved away from any of the previous areas of Lyapunov stability.
Generally speaking, the bigger this product, the better for mining companies. So economically, they ought to be doing pretty well right now. Unfortunately, that number seems set to decline for the near future, but we'll see how things go going forward. Trump seems determined to drive down the value of the US dollar
Note that the current excursion is much more substantive than the one we had in 2011, when the gold price ran to $1800/oz.
Something we have been going through for some time.
Gold x USDX (the product of gold the gold price and the US dollar index) broke out in the summer of 2019 (similar to this post) in most convincing fashion. As we speak, the trajectory of the system has moved away from any of the previous areas of Lyapunov stability.
Generally speaking, the bigger this product, the better for mining companies. So economically, they ought to be doing pretty well right now. Unfortunately, that number seems set to decline for the near future, but we'll see how things go going forward. Trump seems determined to drive down the value of the US dollar
Note that the current excursion is much more substantive than the one we had in 2011, when the gold price ran to $1800/oz.
If whats his face is in a lot of debt he has a big short position in the dollar and long the purchased or developed asset.
ReplyDeleteThis Kiyosaki video has the same concept discussed:
ReplyDeletewww.youtube-nocookie.com/embed/az6NibAUf7Y?start=368
4:30 to 6:00