Gold Keeps Soaring as I Watch My Prediction Come True

I've been telling my friends for months - gold is the real deal right now, and damn if I wasn't right. Just watching this yellow metal extend its winning streak for a seventh straight day gives me a certain smug satisfaction. Gold just smashed through to $3,550, and I'm sitting here thinking "I told you so" to all those crypto-obsessed friends who laughed at my "old-fashioned" investment choice.

The reason? Bond markets are in absolute chaos. People are dumping government bonds like they're radioactive, and honestly, who can blame them? With national debts ballooning to obscene levels, the smart money is flowing into gold. I've always distrusted government promises anyway - gold doesn't lie, doesn't print more of itself, and doesn't care about election cycles.

What's really driving me crazy is watching the Fed pretend they have any real control left. Sure, there's a 92% chance they'll cut rates in September according to their fancy tools, but they're just reacting to their own mess. Lower rates are coming because they've painted themselves into a corner, not because the economy is thriving.

The FOMC members are finally admitting what's been obvious - employment is in trouble. After years of "everything is fine" rhetoric, reality is catching up. I'm eagerly awaiting the JOLTS Job Openings data - betting it'll come in worse than the expected 7.4 million jobs.

Looking at the charts, gold's breaking out of its Symmetrical Triangle pattern, and the momentum is undeniable. The RSI is hitting 75, which technically suggests it's "overbought," but in this market environment, traditional indicators often fail. With central banks worldwide quietly stockpiling gold while telling citizens not to worry, I'm expecting $3,600 very soon.

I've positioned myself accordingly. While others chase paper promises, I'm betting on the one asset that's survived every empire's collapse. This isn't just another rally - it's a fundamental reshuffling of global confidence.