This chart shows US State debt with #gold overlayed:
— Graddhy - Commodities TA+Cycles (@graddhybpc) May 24, 2023
- The debt is in a textbook parabolic move
- High correlation
- Gold has never dropped very far below the blue line
- The parabolic move is of course unsustainable
- It is not hard to spot why blue line started to turn upwards pic.twitter.com/Kwk8x8Lpkn