Oh boy. Golds been on quite the tear for 2016 and this a commodity that people use to hedge against a world financial meltdown or correction. I think meltdown is more likely.
Think about how far and how much the DOW and S&P have moved up these past months and along side that move GOLD has moved up equally fast if not faster.
It is almost as though each were racing to the top of some chart whereby whomever finished highest the fastest wins! I hate to say it but that game has to be very close to finishing and when it does, WHAM! Something’s gonna give and give big time.
Markets likely to collapse but I’m not to sure what will happen to gold.