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Gold: Up Periscope! For the Moment it Doesn’t Like What it Sees

Founder & Editor @
December 5, 2023

The gold price gets summarily reversed after mainstream financial media touts

Why of course the MSM noticed gold’s flirtation with all time highs. Click image, get article (which I have not bothered to read).

I would not call it a setup for a smack down as if someone planned it. I would call it a typical and hard ‘sell the news’ event. Nothing more, nothing less. Meanwhile, gold went up-periscope to look around at the blue sky before submarining back below surface.

The reversal is completely logical and frankly, needed.

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Gary Tanashian is founder and editor of the popular Notes from the Rabbit Hole (NFTRH). Gary successfully owned and operated a progressive medical component manufacturing company for 21 years, keeping the company’s fundamentals in alignment with global economic realities through various economic cycles. The natural progression from this experience is an understanding of and appreciation for global macro-economics as it relates to individual markets and sectors.

The first use of gold as money occurred around 700 B.C., when Lydian merchants (western Turkey) produced the first coins
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