Loading ...volatility–he didn’t mean just for gold…but gold would have to deal with it…so far, he’s been right…and the vol surge was to the upside in the stock mkt…assuming he’s right… could things get real crazy and stocks gve it all up tomorrow…and negate the historic tick surge?? Remember we don’t have normal mkts anymore and anything could happen…just sayin..
Marty writes=
Gold is facing a Panic Cycle this week which will begin a period of high volatility into June. We have closed with the highest weekly settlement so far for this rally. We see technical resistance at 1768 level and system resistance at the 1799-1805 level. Gold is starting to show that there is a great concern for the monetary system’s survival. I have previously warned that a summer high as possible going into May with a pullback into June/July. The next high period of volatility will be Jan/Feb 2021. A May close above this 1755 level will point to a June High at minimum. We still show the 2nd quarter as the high or at least the highest quarterly closing. Keep in mind we are doing battle with a Socialist coalition. They will not allow people to turn to gold to defeat their grand plan. There remains the risk of pushing gold underground into a black-market.