Gold at ATH.....what do your tea leaves say?

Need to have a registered account, which I've been meaning to do, but if you don't want to then file attached below.
Thx shiney, good read.

 

What's got my attention is AUD's precipitous decline, while gold continues to strengthen. Normally they're positively correlated.

Great for gold owners, not so good for the cost of living in our country

 

It might go a little sideways at times but the next decade will be bullish for sure.
There's no way but up in this clown show and the trend is up.

 

I heard Andy Schectman say tonight that 2024 was the third biggest gold buying year for central banks in the last 100 years.
Led by Turkey, Poland and others that I can't recall.

 

There it is folks, we have just broken through:

 

Oh yeah baby. With Don the Con in office now things will continue to burn while gold continues it's climb.
Not even Big Dons huge ego can stop whats coming.

 

If the USD can close below 109.085 on a down candle, then I'd be fairly convinced that the high has been made.

Other factors are supporting this, but I'm waiting for a insititutional reversal to take place. Either way, given how strong gold has been even in the face of a higher dollar, I would imagine a lower dollar will spool the price A LOT higher. Possibly marking the start of the gold "Bitcoin run"

 

Trying to stay level-headed, but I reckon this is a genuine possibility. Gold's climb in the face of strong US dollar has been remarkable. What happens if USD retreats?

Obviously, the higher odds are on a gold price pullback that is long overdue (IMO)..... but you never know.

What do your tea leaves say?

 

The last 5 years has shown the dxy/gold correlation is mostly a fantasy as they are less and less correlated.
The diversion is part of the unraveling now.

 

My tea leaves scream a bullish gold price, and a potentially unwinding DXY. They used to be a good measure of intermarket analysis between the two assets, but the fact that they've cracked correlation indicates a huge accumulation / distribution is underway. Remember: When generally symmetrical markets crack correlation, manipulation is occurring.

Given positioning on other asset classes (i.e., bonds, crypto, foreign currencies, and most importantly OIL), I am fairly firm on a stagflation narrative moving forward.

 

I was just thinking that about a third of people in America are either govt employees or on welfare.
What could go wrong with that.

 

In a decade or so these little consolidations will be blips on the screen.
What looks like bearish pullbacks will only be part of a much bigger bull pattern.

 

Potentially significant event happened in China expanding gold trade opportunity to retail investors:

https://x.com/oriental_ghost/status/1877272955295527109

https://x.com/oriental_ghost/status/1877277130087604625

 

"China's actual imports of gold far exceed publicly data."

I'm not knocking his English by any means but what is he saying there exactly?
Our official numbers might not be accurate?