[Gold Rush] Gold’s Coil is Ready to Snap

We’ve been pounding the table on Gold for months, and nothing in the data tells us to back down now. 

Precious metals remain in the driver’s seat, steadily carving out one of the strongest secular bull markets we’ve seen in decades.

Last week, we outlined a few potential macro headwinds that could soon flip into tailwinds. 

Meanwhile, the price action continues to speak for itself. The troops are following the generals to multi-decade highs, dips are getting bought almost immediately, and relative strength across the metals space is undeniable.

This week, we’re going back to the well on Gold futures. 

The setup is clear. We have a multi-month consolidation, collapsing volatility, and intermarket ratios confirming that animal spirits are alive and well inside the mining sector.

Let’s break it down.

Gold futures are coiled up & ready to run 🏃‍♂️‍➡️