An Historic Surge in Gold Could Happen Before You Know It

Last week, I gave you my initial prediction that the price of gold was poised to soar.

I mentioned that very few news outlets and analysts seemed to be talking about it at the time, but this week's movement has surely created some buzz.

That's because on Tuesday May 2, the price of gold began a move of more than 3.8% that saw it reach new all-time highs!

And even though gold has pulled back slightly from Thursday's high, that doesn't mean the rally is over.

Far from it.

And everything I see tells me it's going to happen soon.

There are several reasons why I believe we are likely just scratching the surface of the surge in gold prices.

In fact, I'll be hosting a special training session next week to show attendees all of the factors that are likely to play into a historic run not just for gold, but a number of precious metals as well. The event will be free to attend, so keep an eye out for more details on how to claim your spot in the coming days.

But today, I want to give you a sneak peek at what I see as one of the biggest influences on gold moving forward.

Bad News for the Dollar...

On Wednesday, the Federal Reserve raised interest rates for the 10th time over the past year - this time by another 25 basis points.

The move is the Fed's latest salvo in its attempt to curb rising inflation.

In his remarks following the decision to increase rates once more, Fed Chair Jerome Powell also signaled that plans for future rate hikes and further monetary tightening may be put on hold when the Fed next meets in June.

While that may be good news for anyone looking to take out a loan in the near future, it also points to some dire impacts on the U.S. economy.

Many analysts believe that the U.S. hasn't yet felt the full impact of the Fed's rate hikes. Meanwhile, there's the much-discussed crisis in the banking sector, and the high potential for a recession as GDP growth has already begun to decline in 2023.

All of this spells bad news for the value of the dollar - which has already seen a significant 12% decline over the last seven months.

And when interest rates stop rising, as the Fed has hinted that they likely will, currencies typically begin to decline in value as investors seek higher returns elsewhere.

But I'm not telling you this to spread gloom and doom and ruin your day.

Yes, the value of the dollar looks poised to continue its decline, but that sets up an amazing opportunity to continue to profit from the price of gold.

...Is Great News for Gold

I've said this before, and I'll admit it again...

I'm not a "gold bug."

In fact, it's a space I haven't paid much attention to over the last decade - but I'm jumping back in now because of the enormous, potentially once-in-a-lifetime opportunity I'm seeing here.

Because if the price of the dollar is poised to fall, then I'm all-in on gold.

The important thing to understand here is that gold and the dollar tend to have an inverse relationship - meaning that when one goes up in value, the other typically falls.

Take a look at this chart of the Bloomberg U.S. Dollar Bullish Fund (USDU) compared with the SPDR Gold Shares (GLD) over the last four years, and it's clear to see that each time the dollar gains in value, gold tends to decline, and vice versa.

Now, the inverse relationship of the dollar and gold is just one of many factors that tells me that gold could make a historic run.

And I'm not talking about in a year, or over the next decade.

I believe it's going to happen over the next 180 days!

That's why my team and I have been working around the clock to put together next week's special training session for you.

I'm going to spell out everything I've uncovered and show you all of the tailwinds that gold and other precious metals will experience in the very near future.

I'll also show you my preferred trading strategy to maximize profits and limit risk.

On Sunday, I'll be providing additional details on how you can reserve your spot - absolutely free - for this special event, so stay tuned!

Until then, have a great weekend!


Tom Gentile
America's #1 Pattern Trader

The post An Historic Surge in Gold Could Happen Before You Know It appeared first on Power Profit Trades.

About the Author

Tom Gentile, options trading specialist for Money Map Press, is widely known as America's No. 1 Pattern Trader thanks to his nearly 30 years of experience spotting lucrative patterns in options trading. Tom has taught over 300,000 traders his option trading secrets in a variety of settings, including seminars and workshops. He's also a bestselling author of eight books and training courses.

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