Gold Price and the Dollar17 Dec 2021 13:18
The asset class is in for a nice rise back towards $2000 through 2022. The mega cap equity safety trade is now following the same path of the early 2000 tech bubble. The number of tech stocks that are now down 50% plus in the Nasdaq from their highs are rising quickly. The larger mega tech stocks are now starting to suffer (Apple, Tesla, Microsoft, Nvidia) all c5% down in 2 days. This is a large amount of market cap rotating. Crypto is also suffering - Not sure which margin call is leading to the other but this could continue for a while
Gold will get a Bid as the Dollar weakens and physical assets are bought