POG down $116 yesterday. The days of $100 swings are now beginning. It can go back up just as fast.
I'm glad we're getting this inevitable pullback now, and not close to first pour. The next inevitable leg or legs up should be at least equally, if not more impressive. Given the last $600 move in 5 months that began at end of March ,Bank Of America's projection of $3,000 gold in the next 12-18 months isn't seeming too outlandish. Another similar climb of $600 in the next 5 months, from what I hope to be a maintaining of yesterday's closing price of $1,900, would put us at $2,500 in January 2021.
I shudder to think what the world economic realities(as opposed to present-day delusions) would/will look like under such a scenario.
A.I.
EMR Price at posting:
58.0¢ Sentiment: Hold Disclosure: Held
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