AIS - EW Chart, page-1450

Gold is looking primed for a massive run IMO.

I just had a look at the USD gold chart and the correlation to the 2008 crisis doesn't get any more obvious IMO. We saw what took place back then and the current crisis looks to be much worse - With a Recession confirmed and a Depression looking more likely by the day IMO. It could potentially be a much more rapid rise up, especially if the US dollar starts to hit back to reality. IMO, this is more than possible, around the mid-term elections in 6 or 7 weeks time, I expect the USA to be more divided than it has ever been in modern history. The signs of the share market dropping below pandemic resistance levels is also another step closer to the inevitable crash. There could potentially be a few more weeks of short-term pain. Although IMO, the precious metals sectors will be the first to rebound, and in a way that we have never seen in our lifetime.