iGold

The US dollar is set to decline toward all-time lows against major foreign currencies by the middle of the decade.

The result of trillions of freshly-created dollars by the Federal Reserve for Coronavirus stimulus programs and bailouts is going to be felt primarily in the form of an inflationary tidal wave, i.e. a currency devaluation. As the world’s reserve currency, the US dollar devaluation will be felt all around the world. However, its impact will be especially noticeable here in the United States.

Both savers and investors should be positioning themselves now – ahead of the inflation – into real assets such as gold, silver, real estate, and commodities, for protection against the devaluation to come. Just as in a tsunami, if one waits until the wave is already being felt, it will be too late to avoid harm. The time to protect oneself from devaluation is now.

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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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