OTCPK:KRCLF - Post by User
Post by
cleareyeon Apr 13, 2023 1:23pm
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Post# 35393402
Inflation dropping - yesterday's gold/spx up to 0.495
Inflation dropping - yesterday's gold/spx up to 0.495I remember when inflation was rocking last summer. Some of the more sober minded analysts suggested that gold would take off when inflation is killed and FED interest rate increases taper or are brought down.
Well, we're almost here. People are looking at inflation and saying it has been throttled and that interest rates might taper to a 0.25 percent increase by the FED on May.3rd and then done.
The FED will start decreasing interest rates as soon as they can declare victory.There jumpier than a black widow on his wedding night - as McLeod once said.
And, gold stands at the threshold, waiting to cross the line.
One threshold line is this ratio of gold/spx. Yesterday it edged up to 0.495. The threshold of 0.50 is one of these "once-in-a-lifetime" events, - check out their charts - make that twice in a life-time for some of us. Well maybe thrice Still, it's impressive.
Of course, thresholds are hard to cross, and that is where fortunes go to die, so wait for confirmation!
cleareye.