
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?
$SPDR Gold Shares(GLD.US) $iShares Silver Tr(SLV.US) $Pro Ultr Silver(AGQ.US) $GLD SG(GSD.SG) $Pro Ultrshrt Silver(ZSL.US)
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.

