iGold

Gold should have at least one more significant low to make over the coming months. While the recovery over recent weeks from $4,100 to $4,800 has been impressive, our model says that the intermediate-term decline is not over, as strong support does not exist until the upper $3,000’s for gold.

Investors should be looking for a higher-probability low to form mid/late summer. Investors should prepare for this scenario now, and stay alert for the key trigger level which would negate this outlook and suggest higher prices are coming much sooner.

We will discuss these key levels in this outlook.

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