From Larry Edelson: If you’re a gold bug, then you’re loving this rally: A rally forecast by my AI (Artificial Intelligence) forecasting models, right on the heels of a bullseye forecast for the prior decline.
In fact, here’s the chart I showed you a couple weeks ago. You can clearly see how gold bottomed right on cue and how the rally got started, also right on cue.
Now gold is pushing the $1,300 level and silver the $19 level. Mining companies are following suit with healthy rallies.
So, is this rally just a fluke, nervousness over the elections?
I don’t think so, because the crazy, insane elections – no matter how they turn out – aren’t a fluke either.
As I pointed out in my column this morning, it’s the result of 80 years of broken promises, racked up debts, increasing social discontent and more – and on a global scale.
It’s the beginning of a period where the piper must be paid and it’s going to be a Supercycle convergence that promises us all a ride through hell and back through the end of 2020/2021.
So, get ready. Protect your money and get in a position to grow it. Don’t be like the sheep who get led to the slaughter.
Short term, naturally there will be some pullbacks along the way higher in gold and silver. Don’t let them phase you.
The SPDR Gold Trust ETF (NYSE:GLD) was mostly flat in Thursday morning trading. Year-to-date, the largest fund tied to the spot price of gold bullion has gained 21.91%.
This article is brought to you courtesy of Money and Markets.