I think the gold price has a lot to do with what the FED decides to do with interest rates. If the fed decides to keep on pumping in cheap money to the economy then the gold prices goes up. This is exactly what happened last Wednesday. The FED said they will not raise interest rates in April and then gold goes up by $20 an ounce. I think the fed wont raise rates like they say they will because they dont want to cause a recession. Gold is going to go way up when a financial collapse will inevitably come and the dollar looses value.
This goes along with what Peter Schiff has been saying. If you dont know who Peter Schiff is, he predicted the 2008-2009 recession back in 2005. I would recommend checking out his Youtube channel if you havent already. He has some really good podcasts if you want to check it out.
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