Let’s have a look at some of the evidence so far…

And still we wait for silver and the gold/silver ratio to confirm. The US Dollar is keeping me in suspense as well, with my dome still intact, and the stocharstic about to drop into the purple zone (very bearish)…

In conclusion, I expect gold to move quickly to between $1550 and $1600. There is no public participation here in the UK, despite new all-time highs. This tells me (reassures me) that this is just the beginning. Trouble has been brewing in the global financial system for a long time. I don’t know how it’s going to unfold, but unfold it will. Gold (globally) is flashing red. Central banks have been stockpiling gold (for very good reasons). Trade tensions are building and it seems the banking system here in Europe is just one hiccup away from disaster. I said a long time ago that I didn’t believe interest rates would reach ‘escape velocity’. What I meant by that is that it’s mathematically impossible to ‘normalise’ rates without destroying the global financial system. I’ve given up tracking US debt and global debt to GDP ratios because they are past the point of no-return. And so it has proved. Rates barely got above 2% and we’re cutting again. This is going to be a historic event, make no mistake. Since the US Dollar became global reserve currency, we have never faced this dilemma. Gold knows this. Gold is going much higher in my view.