The Lows Are In For Gold… The Next Leg Higher Is About To Begin

Image Source: PixabayThe #1 story for the financial system today is the fact that gold is soaring again.The current bull run in gold started in early 2024 when the precious metal broke out of a multi-year consolidation pattern to the upside.It’s important to note that this was a global phenomenon, with gold going vertical against the $USD, the Euro, Japan’s Yen, and the Swiss France at that time.What happened in early 2024?Collectively, global central banks signaled that they were introducing another round of monetary easing. And since the financial system had never fully recovered from the obscene amount of money printing that had taken place during the pandemic (40% of all the money ever printed in the U.S. was printed during the pandemic), this was a signal that central banks were opting to “inflate away” the world’s debts by devaluing their currencies via artificially low interest rates and money printing.Put simply, 2024 was the year that the financial system began a tectonic shift from paper/fiat assets to hard assets.Since that time, gold, priced in U.S. dollars, has gone parabolic, rising from $2,000 per ounce to over $4,400 per ounce. Obviously, in investing, nothing goes straight up or straight down. And after a run like this, gold was due for a breather.What’s striking however, is how short this breather is proving to be. As David Cervantes has noted, gold’s average correction has lasted three months since the secular bull market began in 2006.Not this time it appears…Gold exploded higher yesterday, rallying into overhead resistance at $4,100 per ounce. If the precious metal can break above that level with conviction, it is a MAJOR signal that THE LOWS are in, and gold is going to new highs.And while gold will likely do very well going forward, the biggest opportunities will occur in precious metals miners. I’m talking about triple if not QUADRUPLE digit gains.More By This Author:All Of This Is Going To Unleash Another Round Of Inflation This Is The No. 1 Question For Investors Today The Bloodbath Has Arrived