Stock photos by Vecteezy

There has been a lot going on with gold in the last several weeks. From a technical perspective, we are back into a bull market mode with gold stocks and precious metals in general. Looking at the price of gold on the quarterly chart, gold is about to break through all-time highs. Based on the quarterly chart pattern, and using a Fibonacci extension, we can see a very big move over the next year and a half.

Volatility remains very high, most commodities are moving up or down 5%, 10%, or 15% on a daily basis, making trades high risk. Alas, volatility will be here to stay for a while. In my opinion, a lot of this has to do with the stock market likely being in the late stages of topping out. It may only take one more drop of 5-8% to have people panicking and getting out of the markets altogether.

Looking at the big picture, the stock market doesn’t have a whole lot of upside potential left. We are still in a healthy correction however there are warning signs that a bearish stage may be on the horizon. Having said that, technical indicators say we are still in a bull market.

Other topics covered in the interview – inflation, oil/gas prices, currencies, silver, commodities supercycle, and how to balance out the momentum surge brought on by news-based global events.

Video Length: 00:00:45