iGold

Gold continues to trade weakly. The precious metal is down $13 for the month of March, $180 thus far in 2021, and some $374 since the all-time high of $2,074 was recorded in the spot market in August of last year.

That said, what is in store for the second quarter of 2021 and beyond?

While we do not have a crystal ball, we can make a high-probability assessment for where gold may bottom based on a study of where large buyers have emerged during recent years.

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What will be the result of this developing short squeeze?

While silver rising back to $50 again (the 2011 peak) and possibly beyond may fit in with our long-term expectations, let us focus on the intermediate-term projection for the pending squeeze that we can calculate based on observable data. For that, we turn to the charts.

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