GOLD: The original blockchain going to $4,400!

If something similar happens like the 08' financial crisis this is what I expect for the King of Commodities:

Supporting fundamental aspects:

-3mo rates > 30 year!
-Global debt now exceeds 244T. Highest level ever recorded and 3X higher than Global GDP!
-Geo-political tensions
-Sovereign debt experiencing negative coupon rates
-TRUMP

Somehow the SPX is hitting ATH's (all-time highs) during such times. Seems to be a final desperation by bulls to already extend an over-extended market. Real estate markets are also experiencing major bubbles and ATH's even higher than 2003-2007 housing run.

Traditional markets are in perfect position for a major correction. This sets up Gold Bulls nicely.

Review this chart from left to right. Notice when Gold breaks a previous ATH (purple horizontal resistance) Gold breaks to reach new ATH's by 124% to over 300%).

If Gold breaks near $2,000/oz and this is timed with a confirmed recession and panic in equity markets expect Gold Bulls to push prices above $4,000/oz to repeat the 2008-2011 move.

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