ZeroHedge· Tyler Durden·· 3 hr agoAI Score36
QTR's Fringe Finance: Gold May First Plunge Then Double
Gold Could Crash...Before It Doubles
AI summary
QTR's Fringe Finance analysis suggests that if the market experiences a severe crash, gold could first drop to $3,000 to $3,500 per ounce, then rapidly rise to $7,500 or even higher driven by Federal Reserve easing. Gold mining stocks have fallen 16.5% over the past month, far exceeding the 5.75% decline of QQQ, but still outperformed the Nasdaq by about 6%. This view is the author's personal judgment and has not yet been confirmed.
Source:ZeroHedge · zerohedge.com