Christopher Aaron

Gold should have at least one more significant low to make over the coming months. While the recovery over recent weeks from $4,100 to $4,800 has been impressive, our model says that the intermediate-term decline is not over, as strong support does not exist until the upper $3,000’s for gold. Investors should be looking for a higher-probability low to form mid/late summer.

Gold investors: the fourth turning is upon us. Yes, that is right – a signal so rare, so powerful, and so ominous that it has appeared only three times in the last 130 years – has now shown itself. And this signal portends to years of gains ahead for gold – and years of losses ahead for industrial stock (Dow, S&P 500) holders. This signal is so significant that it will be the foremost tool to guide precious metals investors over the years ahead. What is the signal?

Gold has had a massive run for 2025, up 53% or nearly $1,400 since January, when it traded at $2,600 per ounce. Gold recently made a new all-time high at $4,381 in the spot market in October. However, nothing moves in a straight line forever, and it is time for a pullback / consolidation in gold to last for several months to several years. In this article, we will examine the support levels that are likely to serve as bottom zones for gold on this correction.