Gold Update - Has The Intermediate Decline Begun?

November 23, 2021

I tried to warn gold bugs that this was likely to happen, that the intermediate cycle was getting late. This last rally failed short of making a new higher-high. The rally did not do what it needed to do. Gold is not just ready yet to "go to the moon" despite what most gold guys are saying.

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The term “carat” comes from “carob seed,” which was standard for weighing small quantities in the Middle East.
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