Gold is trying to tell us something as it powers to new all-time highs
A few weeks ago I noted to myself that Gold is due to hit a trend line dating back to 1980 (while going directly through the 2011 high) in/around $2550 (I used a logarithmic chart to go back that far.) And two weeks ago Gold was close to the $2550 level so upon close monitoring I thought it might pierce $2600 this year (something I had a mental note not until next year). Then Gold surged to $2660, and Gold surged AGAIN through that level. I was thinking blow off top, but US $ is breaking down which is bullish for Gold. In the past 7-days Gold has neared $2680 range, something I found unreasonable. Which got me wondering is Gold is trying to tell us something?

Technical info
- US $ is breaking down which is bullish for Gold - at the time of this writing both are down but you understand the macro dynamic involved (safe haven to safe haven rotation)
- Gold is rising like we are in a major economic crisis - US Gov swears all is well
- Gold tends to rise during recessions and War events - no major Wars to speak of and US Gov swears no Recessions, although oil prices falling like we're in a recession???
- Gold did well without ETF flows, now ETF's are coming back. Buckle up!
- Gold's sidekick Silver is up 37% YTD (Gold and Silver don't always move in tandem) but thought it worth pointing out.
- Global Central banks have been busy more gold YoY since 2022. Don't forget its just a relic, not good for anything. Sure and I have a bridge to the ocean in Arizona I want to show you!
- So what is driving prices higher, are more people expecting Inflation resurgence? And buying gold as a inflation hedge?
The higher the Gold goes, the more I'm certain something breaks
I know and fully respect that is a Crypto centric community, I try to approach my writing as such. But something just feels off in my gut. Anyone else getting these vibes?
Summary
Gold is sending a message the we are F____ed. Few understand this! Convince me I am wrong, please