Gold first hit $2,000. It took over a decade from 2009 to 2022 to reach that milestone. Then, it took roughly 500 days to climb from $2,000 to $3,000, another 200-plus days from $3,000 to $4,000, and just over 100 days from $4,000 to $5,000.
What's driving these increasingly rapid surges? Simply put, it's a mix of fear-driven narratives and the illusion of gold as a safe-haven asset, drawing a crowded rush into the market. And when bullish positions get this overcrowded, it creates the perfect hunting ground for the bears.
Regarding this current correction, whether a rebound happens or not, you must remember: at these levels—$5,000 gold and $100 silver—prices are perched at a Mount Everest-like peak. Ordinary folks should not overestimate their intelligence and attempt to buy the dip. After gold and silver experienced that historic plunge, watching so many charge back in headlong... I get the feeling that history really does repeat itself in waves. Human intelligence in the investment markets hasn't improved much over the years, has it?
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