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Gold: Fundamentals
The sentiment of the gold market is extremely bullish. Usually the VC PMI is a contrarian indicator. Gold is breaking out and people are calling ridiculous numbers of $10,000 and $20,000 an ounce. Most people have no idea what it means economically for gold to be at $10,000 an ounce. It would be chaos for most people.
The market collapsed recently; 38% from the highs on coronavirus fears. What would happen if gold was at $5,000 an ounce? How would the average person handle such a crisis? Most people are not aware of