At 1530, gold still has a ways to go before the all-time high in USD:
I warned that gold was showing bullish signals six months ago at $1300 USD, saying watch out if it breaks above 1400.
A year ago I made a video saying:
"My gut tells me we're at a 2008 moment. The chart indicates a massive breakout coming. The fundamentals are stacked more heavily in the favour of gold and silver than ever. And now, the GSR signals a bottom for bullion prices. It feels like the fuse has been lit, the countdown is over, and there's nothing left to do but blast off."
I also called the bottom for silver ($14 per ounce in Oct 2018) and pushed forward the idea of buying physical metal while the price is cheap and the market is quiet.
Sure, precious metals prices are 99% completely fake (and that's no longer a theory). But that doesn't mean the banks in control of the chart can't just drop the price to $300. The physical market (real world) does have some impact on the digital price, and right now, there's a fiat currency crisis, wars, trade wars, and economic turmoil, sending the gold price up to levels not seen since the bull market of several years ago.
I see it going well into the $2000s before any kind of significant correction. The new PM bull market is on.
DRutter
