...Gary Savage may be right about possible Gold correction but he should take note of history and check out this chart below.
...If Gold corrects, it is possibly doing so in tandem with an equities meltdown. But that gold correction would be shortlived, and thereafter a new super bull gold market will be borne.
...But Gary is right about gold stocks, they would crash alongside equities if equities suffer a meltdown. You can see that vertical line on the 5 year chart is due for a pullback.
5 year view XGD Index Charts and Quotes — TradingView
...In all likelihood however, the equity market will likely just suffer a correction of between 10-13% from the top with S&P500 between 4,550 to 4,690 implying a further fall of 5.5-8.4% IF we don't get that reflexive rebound on Monday night. Unfortunately, Dow futures won't tell us anything that can be trusted as they have been green during ASX session only to turn red when US starts.
