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Jesse Columbo: A look at gold's breakout in multiple currencies
Excellent charts in this analysis.
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By Jesse Colombu
The Bubble Bubble Report, Substack.com
Saturday, September 6, 2025
One of the trademarks of this newsletter is analyzing gold in multiple world currencies to determine whether it is truly firing on all cylinders, rather than behaving like a 12-cylinder Ferrari running on just six. That's how my dad used to describe me in grade school whenever I brought home a disappointing report card and clearly wasn't giving my all.
This approach is especially valuable because it reveals whether gold's strength is genuine or merely the result of weakness in the U.S. dollar, the world's reserve currency, as the two are essentially competing currencies that move inversely with each other. I used this technique very effectively last September, when it helped me anticipate and confirm gold’s breakout from its summer doldrums and rally toward $3,000 and beyond.
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As I showed a few days ago, the breakout in precious metals from their summer trading range has been confirmed. I believe this sets the stage for a runup in gold to $4,000 and beyond, and silver to $50 and higher.
This breakout was driven largely by the return of normal trading volume following Labor Day, as well as a string of weak U.S. jobs reports that sharply increase the likelihood of an economic slowdown or even a recession, along with interest rate cuts in the months ahead. ...
... For the remainder of the analysis:
https://thebubblebubble.substack.com/p/a-look-at-golds-big-breakout-in-multiple
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