The markets are expected by me to go wild over the next few days/weeks. Expectation is not prediction in my philosophy. [I've explained this before]. There is likely to be even greater uncertainty about the economies of the world. When there is deep uncertainty, people reach for tangible ways of protecting their store.
There is considerable risk that the global Ponzi scheme may come tumbling down. As I do not predict, I cannot say when. These a troubled times.
I expect Gold to rise considerably.
DISCLAIMER: The information provided herein is opinion only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make any kind of investment. You are responsible for your own due diligence. To summarise, I do not provide investment advice, nor do I make any claims or promises that any information here will lead to a profit, loss, or any other result.
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Gold is now at an important position. It's not possible to predict what will happen. However, price is falling into another important zone of support. All traders can do is contract to limit their loss.