By: James Stanley, Sr. Strategist
James Stanley, FOREX.com Senior Strategist, sets the scene with a parabolic gold trend, silver’s first break above 50 and a case for Bitcoin as the next phase of the debasement trade.
Stanley outlines how gold first tested 2000 during the 2020 crisis before years of turbulence. The change came when price began holding support at 2000 as markets anticipated rate cuts. “There was a US CPI print… a day later… gold climbed above 2k… rallied, never looked back”. That structural turn helped fuel a persistent advance.
The acceleration aligned with Powell’s Jackson Hole remarks and rising expectations for easier policy even as inflation remained elevated. “That… sparked the debasement trade”. Stanley frames the theme succinctly: “The debasement trade is in essence looking for lower real rates of return”.
Silver had lagged prior peaks but reignited alongside the policy narrative. “Silver across the 50 handle. For the first time ever”. The move supports the broader real asset bid that has accompanied looser policy expectations and renewed focus on scarcity and psychology around round numbers.
Stanley compares rotations between gold and Bitcoin during prior pauses in metals. He highlights psychological levels and recent areas of support and resistance around 110k to 125k as potential markers for bulls to defend and reassert trend control. “Bitcoin is what I’m following for the next phase of the debasement trade”.
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---- Written by Frederic Guetin, StoneX TV Producer
---- Expert: James Stanley, FOREX.com Senior Strategist
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