Despite my expectations for POG to take a breather this morning, it's up and looking more and more like a mania is underway.

"Most people will be shocked where the next rest stop for the gold miners. GDX was $20 recently and could be above $30 in short order. It’s a new dynamic and all the price-related technical indicators that most people look at will be shattered to the upside. Ignore those overbought signals.

By the end of the year we should see $1,700 in gold. That’s not the end, it’s just where it will be at year-end. We’re in a major situation.

Silver, meanwhile, is about to slingshot to catch up with gold. It will do twice as well as gold, too quickly to allow time for committee meetings to decide whether or not to buy. You won’t get a measured move – expect a move from the mid $15s to over $20 in a matter of weeks. But that will be just the beginning."

https://www.dollarcollapse.com/fomo-gold/