Gold: A (Counter-Cyclical) Thing Of Beauty | investing.com – Investing.com

Gold: A (Counter-Cyclical) Thing Of Beauty | investing.com – Investing.com

You see, there is all this noise out there. It comes mostly from inflationists touting in the same breath as , as , and as commodities of all flavors (and aside from gold and to a degree, , those flavors are cyclical).

But you also see, gold is counter-cyclical in its best suit. You see on this monthly chart that gold has been forming its Handle to the bullish Cup ever since the inflation trades came to the fore in the summer of 2020. Therefore, you see that those touting gold and inflation together have been wrong for over a year now (and counting).

For those dealing in reality instead of dogma, gold is a candidate to break the Handle at any time. Then it would be off to the target at 3000+ over the course of a year or more. But reality holds another option as well, and that is to finish the Handle making lower.