Gold: 1680-1690 short term target !

Hi all,

The bull run of the gold price in nov dec 2019 was due to the highly overprices stockmarket. Anticipating of a sell-off of the stockmarket was inevitable (macro-economic figures are coming out now).. For example: the PMI index dropped to a low of 2015. Yes.. nasty things to come..

Some reasons for the gold prices to surge in nov/ dec 2019:

* Highly overpriced stock market
* Very low interest rates
* Very high credit exposure in the consumer market (3 times higher than in the last recession)
* Dangerously inflation
* Housing market at top pricing level
* Marco economic data pointing to recession (PMI/ GDP)

The Coronavirus just gave it the push it was waiting for (stockmarket can fall of a cliff with exposure downwards between 15-20%)

If/ when the Coronavirus takes much longer, the market and the economies will suffer harder and longer. (stockmarket can fall of a cliff with exposure downwards between 30-40%)

LONG: Gold
SHORT: S&P500

Place your bets..
Happy trading.