Gold will Continue Falling Overall, Until Late April-ish
Unfortunately, the stock market down-turn as I have been discussing from over 6 months ago is clearly happening and even though one would think Gold and perhaps Silver should rise, as I have said numerous times, Gold and Silver sell-off during bear markets.
Now that we are in an equity bear market, Gold and Silver will continue to sell-off. Silver will not surpass its 19.5 temporary high until late 2020 or early 2021, and Gold will be under significant pressure until late April to early May. Gold will likely make a new high (over 1700) but not until likely sometime in May.
Regretfully, Silver will likely drop to roughly $10.00 in due time, and in the near-ish term Gold will likely fall into the mid 1400s with a real potential of 1390. Of course, there will be bounces along the way but this has to do with people selling liquid assets for equity losses.
The good news however is this will confirm the large and parabolic run I have been claiming is coming (but not yet) taking much further steam ahead into 2021. Gold and Silver will significantly outperform equities once the dust all settles.
- zSplit
Now that we are in an equity bear market, Gold and Silver will continue to sell-off. Silver will not surpass its 19.5 temporary high until late 2020 or early 2021, and Gold will be under significant pressure until late April to early May. Gold will likely make a new high (over 1700) but not until likely sometime in May.
Regretfully, Silver will likely drop to roughly $10.00 in due time, and in the near-ish term Gold will likely fall into the mid 1400s with a real potential of 1390. Of course, there will be bounces along the way but this has to do with people selling liquid assets for equity losses.
The good news however is this will confirm the large and parabolic run I have been claiming is coming (but not yet) taking much further steam ahead into 2021. Gold and Silver will significantly outperform equities once the dust all settles.
- zSplit
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