Gold Down Prediction Against Gold Standard

As I predicted in May 2021, a recession is around the corner, I started taking money out of stocks and recommending people to be cautious about investment. What I did was to take almost all money out of the stock market and cryptocurrencies and start hedging. I took every penny out of the crypt market in May 2020: BTC/USD Prediction in May 2021 and I started increasing the short position of TSLA since January 2021: TSLA Prediction Jan. 2021. The only buying position accumulated was oil stocks since Nov. 2021: Oil Trust Me.  These blogs will tell the timeline of how and when I did.

After the declaration of the Russian and Ukrainian war, the U.S. Market topped, and billions of money made by top entrepreneurs in 2020 and 2021 started to disappear and will continue next couple of years at least. Remember, whatever goes up will go down.  Whatever a stock price goes up quickly, it should go down as quickly as it went up. Whatever a stock price goes up slowly, it should go down as slowly as it went up.  These movements are proved by my theory, Time Principle as well as Market Cycle, which are governed by immutable law. The characteristic of the market cycle has been the same and always will be.

Now the perception of people has changed and started accepting the fact that we are in the beginning phase of a long recession although many economical factors may prove otherwise. However, almost all economic factors including housing prices started showing a weak signal of the U.S. economy since Nov. 2022.  Investors and institutions started becoming defensive in their portfolios. and started buying GOLD. Goldman Sachs, Amundi Asset Management, Citi , Credit Suisse, Ned Davis Research,  JP Morgan, and Jim Cramer started accumulating since 2022.

Also Seeking Alpha predicts the Gold price to hit $2,500 per ounce in the coming year 2023 as U.S. Dollar is going to decline after the recent soar. Many individuals are also buying gold to hedge against inflation.

Despite all the predictions by the big institutions and investors, my prediction is the opposite. I believe that GOLD investment won't be as big a profitable commodity as they expect it to be in the near future according to my theory, Time Principle. I believe that the time for the GOLD is still downtrend and will continue to decrease its value over years. It may go up to $2,500 or more temporarily as a correction, however,  GOLD has not completed the bear phase and will go down in the long run.