Gold Report

After months of explosive gains, gold and silver are showing the telltale signs of a parabolic top - rapid acceleration followed by exhaustion. Our latest analysis suggests that a larger correction phase in the months ahead is plausible.
In the longer run, structural US challenges - limited growth capacity, rising debt, and inflationary pressure - may set the stage for a renewed, inflation-driven surge, potentially pushing gold beyond $6,000 and silver towards $90.
 

The contours of the gold and silver charts point to an imminent top in the gold and silver price. Is it time to bail out of long precious metals positions?

From an historical perspective, the near vertical ascend of gold and silver prices suggests precious metals investors should brace themselves for price drops soon. However, that doesn’t mean the longer-term bullish outlook for precious metals should be buried.