From all indications it appears Gold has topped out.
It had a great run. The chart above is the June 2025 Gold Futures. It shows the path gold took from early 2020 to today. This past year it was on a tear. Gold reached its peak this week, April 22nd, with a peak intra-day price of 3909.90 and a closing price of 3392.00 even.
I think most investors believe that gold will keep rising but that’s not to be. Many will be taken by surprise as gold’s price falls along with the rest of the markets… stocks, bonds, commodities. While the common concern is obviously inflation, the effects of inflation will be short-lived. By the end of this year, the economy will be in a deflationary spiral which will, no doubt, catch everyone by surprise.
I will talk more about deflation in coming articles. It’s an insidious monster, but a necessary one, when economies become as bloated as this one. For the time being, be advised and prepare.
