Richard Postma, AKA Doc, joins us for his monthly segment looking at gold, gold equities and the broad markets. Doc is now seeing that charts say that gold could make it to $5,000-$10,000 gold.
We start by focusing on the breakout in gold above $2,100 and the follow through last week. Doc outlines how he sees the gold price moving through a gradual rise and a possible back-test of the recent breakout. We then discuss the price action in the major gold mining stocks, which the vast majority have bounced on higher volumes. We also look at the silver chart and key levels that would further signify a breakout and bull market.
Another market, outside of precious metals, that Doc has his eye on is the bond market. Doc thinks the bond market is telling everyone that inflation is not dead and higher rates will be here for a lot longer. Rates could move as high as 10% over a few years.