Gold isn’t going up, down, sideways, consolidating or correcting. It isn’t firm and it isn’t weak or being ‘driven’ or manipulated. It is neither in a bull nor a bear market. Gold is motionless, going nowhere; in the same stable position as the measure of value that it has been for the last 3,500 years.
99.9% of Gold commentary plays into the hands of central bankers who are entirely dependent on people continuing to believe the charade that paper debt notes measure Gold’s value.
One can either be a part, however unwittingly, of the central bank cheer squad, or one can understand that Gold is the only money and hence the only store and measure of value. There is no other position.
Where next for gold? That is easily answered – nowhere. It will maintain exactly the same stable point that it has occupied for 3,500 years. Gold is the one and only store of stable value and will remain so for eternity.