by Macro D
I absolutely love markets, and I love even more those moments when the thought of a possible crash crosses my mind. The collapse of gold, for example. Let me be clear, I believe that over the long term (almost infinite), the price of gold will continue to rise, but what piques my macro appetite is the idea that during this climb, we'll experience some tumbles that will be directly proportional to the strength with which the climb has unfolded.
Good. One of the next tumbles is just around the corner, and when that happens, then we'll have a serious, secular buying opportunity. Certainly not now that the price of gold threatens to touch the $4,000 an ounce mark.
I'll start with a historical fact, one that still gives me the shivers and that many have forgotten.
Let’s explore …