The recent breakout above the $1450 level could potentially set the stage for a run higher to previous all-time highs near $2000 per-ounce or far beyond. Although the market may be susceptible to a near-term pullback, such a correction is not only healthy but would be welcomed by eager buyers.
The upside breakout in gold is gathering steam just as the stock market looks ready to fall through the floor. Recent volatility spikes in equities could be just the tip of the iceberg, and markets could have a long way to fall from recent all-time highs before finding another long-term bottom. The ongoing trade war between the U.S. and China is clearly taking a toll, and recent actions by both nations could pave the way for even more aggressive measures, or even a full-blown currency war.
The next significant global slowdown is just getting started, and things are likely to get a lot mo