Post by
Farquar on Oct 05, 2023 1:17pm
Gold has had 8 straight red candles up till yesterday!
This 8 day losing streak is the longest since year 2015...<br /> <br /> We are due for a reversal sometime soon...<br /> <br /> This relentless beating of gold and silver is completely manufactured by the Federal Reserve who are the "private" owners of the US dollar.. Their toilet paper US federal reserve note has been declining in value for 110 years.. The US dollar has lost purchasing power year after year after year.. In contrast gold has gone up in value in the past 110 years. It was 21$ an ounce in 1913 and now is 1815$.. So clearly gold is the better instrument for retaining purchasing power...
They want to fool people into abandoning gold and silver or at least to delude them into thinking the US dollar is strong..
This is all temporary...Gold will soon regain the upper hand and start going up again...