If & When
If and when a ceasefire and peace negotiations are announced in the Russia/Ukraine war, look for a sharp $100-$150 selloff in gold down to the $1850 area. We might see a spike to $2000 before that announcement occurs. This is NOT a time to buy gold.(where have you been the last 4 months) I wouldn’t sell either, but you should get a great entry point if and when peace breaks out. This would also lead to the final blowoff top for the stockmarket. As I said last week the charts and the trading action said that stocks still wanted to go higher, at least for a while longer. The stock market top should come shortly after a ceasefire and peace negotiations.
See my recent post. They want to scale this thing up. Any peace negotiations are a long way off.