What's Next for Gold

NEWS SUMMARY: Precious metal prices stepped back Tuesday on short-term profit-taking to help alleviate investor liquidity demands. U.S. stocks fell sharply once again as oil prices continued their unprecedented wipeout.

Aden Sisters/Yahoo Finance--"Yes, the economy is going to suffer, but we don't yet know how bad it's going to be. For now, the world's big central banks and governments are doing all they can to keep the financial system working and intact. Emergency financing is needed all over the world. The Fed, for instance, is printing money like mad. They're also buying tons of U.S. government bonds, mortgage backed securities and now corporate bonds....It'll end up fueling a big inflation down the road...The bottom line, this is a major event that's going to change many things. So keep your gold and be prepared for whatever comes our way....The ratio of gold to stocks jumped up above its mega 80-month moving average, to favor gold for the first time since its high area in 2011. The trend since 1999 and this ratio have confirmed a mega trend change favoring gold. With gold above $1536, it's on its way to the 2011 highs! And indeed if gold breaks and stays above $1700, this target could be reached sooner than we think! Gold will surely be volatile as the pandemic evolves, but look at this as time to get set for the major rise should weakness occur. Gold is the strongest precious metal...It reached a record high versus silver and platinum. And it's positioned to rise in a several year rise ahead. This year will likely continue to see volatile moves with the ebbs and flows of the virus, and don't be discouraged by this."