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Goldstandard

GOLD - XAUUSDWe will look at the logarithmic chart of gold starting from 1975. We see the two cycles. I drew a line along the tops of these peak values ​​and made a parallel one, thereby forming an upward trend channel. If we talk about the Elliott Waves, then we'd the peak of the third wave in 2011 - the strongest wave and it's during the 2007-2008 crisis. Now we're on the cusp of a real breakthrough and amid of the potential instability in the world, gold will be a protective asset. There are many fundamental factors for its growth. On the other hand, if we talk about local movement, then we've broken through the resistance of triangle below and made the first wave up, after which there should be a correction - either in a small triangle or to the support line of the global channel, and after that, there'll be the strongest impulse of the third wave which will break 1900+. In my analysis, I say that it's the global 5th uptrend wave and we'll see some updating of new highs over the next few years. Best Regards EXCAVO.
FX_IDC:XAUUSD
by EXCAVO
8
Are You Seeing This?If being on the gold standard made the U.S. Debt-to-GDP ratio get better, then what will make the Debt-to-GDP even out now? Particularly since we're probably not going back to the gold standard. What asset can the U.S. peg the U.S. Dollar to make the Debt-to-GDP even out or decline? Or, will the U.S. just letting the debt continue without being checked? The great part about the U.S. is their "beautiful deleveraging" and reflation. It's great to the have fighting in the corner of the U.S. It gets bumpy, but just hold on tight. There is more to come. Can't wait to see how this plays out. #RayDalio #GoldStandard #BeautifulDeleveraging #BumpyRide #WhatsNext #ATJX $ATJX
ECONOMICS:USGDG
by NebulousMercuria
BRICS, gold-backed currency, and challenge to the U.S. dollarEven if you are not a gold bug, you have probably caught the news about central banks being on a gold-buying spree, with 2022 marking the record year for central bank purchases. This trend has not stopped in 2023, and many countries intensified the diversification of their reserves amid economic uncertainty, geopolitical tensions, and high inflation in the United States. For some time now, we have considered this interest among central bankers as a very positive development for gold, making a case for higher prices in the long term. But more recently, we might have found another catalyst for the gold price. According to multiple media news outlets, the BRICS countries plan to introduce a new gold-backed currency in August 2023 at the organization’s summit in Johannesburg, South Africa (though Anil Sooklal, South Africa's ambassador to BRICS, denied these claims just a few days ago). Despite contradictory narratives between media and the BRICS officials, the shift to a gold-backed currency would be a monumental event in the world of finance, given that there has not been any gold-backed currency since U.S. President Richard Nixon suspended the convertibility of the U.S. dollar to gold on 15th August 1971. This move, often referred to as the “Nixon Shock,” effectively marked the end of the Bretton Woods System, under which most of the world's currencies were tied to the dollar, which itself was tied to gold. Since then, the U.S. dollar has lost more than 96% of its purchasing power, and gold has risen from $40 to over $1,900. Should the BRICS countries proceed with the introduction of a new gold-backed currency, it would greatly elevate gold's role in the international monetary system (especially when considering that BRICS recently overtook the G7 in terms of global GDP and another dozen countries asked to join the group). Furthermore, such a move would likely trigger a new wave of currency wars between the West and East, critically challenging the U.S. dollar's dominance as the world's reserve currency. Perhaps the erosion of purchasing power in fiat currencies would not be immediate with the introduction of this new gold-backed currency. Yet, history is laden with instances where the re-emergence of sound money has displaced the use of fiat currencies, particularly those lacking tangible backing. The transition can be a gradual process, slowly but steadily reshaping the landscape of global finance. Therefore, it's imperative now more than ever to stay attuned to the shifts and tremors within the financial world and to brace for an unpredictable future. The historical link between currency wars and actual conflicts is a stark reminder that these economic maneuvers carry weight far beyond monetary value. Illustration 1.01 Illustration 1.01 displays the monthly chart of XAUUSD. The dashed white line indicates how much gold has grown in price since “Nixon’s shock.” Technical analysis Daily = Bullish (with signs of weakness) Weekly = Neutral Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSD
by Tradersweekly
6
Gold 700+ Pips In ProfitGood day guys! Another update, I informed you all a day ago that I was still holding this trade. This trade has managed to return some serious profits. With the fed saying it is going to have at least rate hikes by 2023, this is bearish for gold and bullish for stocks. The problem is the fed cannot raise interest rates, because the bottom will drop out. As soon as the markets realized this, gold will go much higher. If you profited off this signal from me, be sure to like, comment and share your thoughts below. We do appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSDShort
by ThirdEyeTraders
4
GOLD - XAUUSDWe will look at the logarithmic chart of gold starting from 1975. We see the two cycles. I drew a line along the tops of these peak values ​​and made a parallel one, thereby forming an upward trend channel. If we talk about the Elliott Waves , then we'd the peak of the third wave in 2011 - the strongest wave and it's during the 2007-2008 crisis. Now we're on the cusp of a real breakthrough and amid of the potential instability in the world, gold will be a protective asset. There are many fundamental factors for its growth. On the other hand, if we talk about local movement, then we've broken through the resistance of triangle below and made the first wave up, after which there should be a correction - either in a small triangle or to the support line of the global channel, and after that, there'll be the strongest impulse of the third wave which will break 1900+. In my analysis, I say that it's the global 5th uptrend wave and we'll see some updating of new highs over the next few years. Best Regards EXCAVO.
FX_IDC:XAUUSD
by EXCAVO
5
GDP? More Like Debt-Financed ConsumptionNotice the time period where the rate of change began to significantly increase. Sad that TV doesn't have the data but if you go and look, inflation from 1700-1900 was extremely stable. Not the "2%" per year inflation of today, was more like gradual deflation over time, with certainty that your money would be worth the same 100 years from now. During the classic gold standard era, from 1870-1910, real growth averaged 8-10% per year, and we had 3% deflation per year. The banking system of today is based off of printing lots of money, getting caught in a liquidity trap, and then being at risk of a major deflation because you thought you were smart enough to inflate an asset bubble with no consequences. That's where we are at right now. Very similar to 1929.
FRED:CPIAUCSL
by Ludwig_Von_Mises
XRP: Repeating Inverse Head & Shoulders Patterns+Rising Channel(For Personal Notes & Due Diligence) -- XRP 4hr -- First Noticed the current Inverse Head & Shoulders pattern last night & have been keeping close eye on it. Actually appeared to want to break out to the upside earlier this morning just as I suspected given the apparent Inverse H&S, but not enough volume & came back to this $0.178ish are for past several hours. -- Since we clocked in the low at $0.10 in late February, we've been trending upward in a very distinct upward channel. -- Resistance at the $0.18 which is a level that had previously acted as support for XRP back in December 2019. Going to need some big volume to push us above this level. -- In approx. 24-48 hours, I suspect that the 50 Day MA will meet/intersect with the 200 Day MA. If the 50 MA can climb above the 200 MA that will be a great sign for anyone LONG XRP. Now it's time for XRP & Ripple to swoop in to save the rest of the world from the impending global liquidity crisis haunting in the shadows of these incredibly volatile & unprecedented times that we face here in April 2020. Did someone say "On Demand Liquidity"?!?!?!? Cheers to the dawn of a bright, prosperous, safe, healthy, loving, abundant, thankful, peaceful, and happy future ahead of us -- one that is filled with more riches & wealth than we can possibly imagine. The Greatest Transformation of Wealth the World Has Ever Seen... To the Moon!
POLONIEX:XRPUSDLong
by buylowsellhigh89
2
Buy gold in .... 2032 ?!?!Well gold broke through an important support, which led me to look at the big picture on very long timeframes. It is interesting to see, that the first major gold rally, sparked by Nixon's lifting of the gold standard, has quite some fractal similarities with the second one, sparked by the gold ETF. Now, if we compare the two, we get to the conclusion, that if history repeats itself, we could see gold going sideways for a veeeeeery long time. Like very, very, very long. I identified the fractals with numbers for future peaks and circles for peaks that already happened. I hope to see a gold rally earlier, but the miserable performance of precious metals the last years doesn't make me too optimistic short-term or medium term. A rally will come of course at some point, but it could really take a while.
FX:XAUUSD
by SebastianofMoon
6