{"id":2605,"date":"2024-04-29T04:43:07","date_gmt":"2024-04-29T04:43:07","guid":{"rendered":"https:\/\/prendergast.net\/?p=2605"},"modified":"2024-04-29T04:43:07","modified_gmt":"2024-04-29T04:43:07","slug":"gold-at-the-highest-probability-of-a-melt-up-since-the-1980s-but-dont-rule-out-10-corrections-jared-dillian","status":"publish","type":"post","link":"https:\/\/prendergast.net\/?p=2605","title":{"rendered":"Gold at the highest probability of a &#8216;melt-up&#8217; since the 1980s but don&#8217;t rule out 10 corrections  Jared Dillian"},"content":{"rendered":"<div id='post-thumb'><img alt='' src='https:\/\/markethive.com\/uploads\/david-ogden\/images\/blog_377510.jpg' style='height:1px; width:1px' \/><\/div>\n<h1>Gold at the highest probability of a &#39;melt-up&#39; since the 1980s, but don&#39;t rule out 10% corrections &ndash; Jared Dillian<\/h1>\n<p><iframe loading=\"lazy\" frameborder=\"0\" height=\"274\" src=\"https:\/\/www.youtube.com\/embed\/hkMf7eZE69k\" title=\"Gold Price to Make a Parabolic Move? Highest Probability of a \u00e2\u0080\u0098Melt-Up' Since 1980s \u00e2\u0080\u0093 Jared Dillian\" width=\"487\"><\/iframe><\/p>\n<p>Commodities are known to top following major geopolitical events but don&#39;t discount gold seeing 10% moves in any direction as the market is at the highest probability of a melt-up since the 1980s, according to Jared Dillian, author of &#39;No Worries&#39; and editor of The Daily Dirtnap.<\/p>\n<p>Gold surged 18% between March 1 and April 12, rising around $400 and hitting new all-time highs on escalating Middle East tensions, record purchases by central banks, concerns over sticky inflation, soaring U.S. government debt, and continued fiat debasement.<\/p>\n<p>Following the rally, major banks have upwardly revised their gold price outlooks. Citigroup is now calling for a $3,000 gold price over six to 18 months, while Goldman expects gold to hit $2,700 by the year end, and UBS has upgraded its year-end target to $2,500 an ounce.<\/p>\n<p>At the time of writing, spot gold had fallen from record highs and was trading steady at $2,330 an ounce.<\/p>\n<p>Banks raising gold price targets is somewhat concerning in terms of sentiment, said Dillian, who is projecting trend exhaustion in the short term.<\/p>\n<p>&quot;Gold is going to top, which will happen at some point in the $2,500,&quot; Dillian told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. &quot;I focus on sentiment, and it has been getting a little bit hotter. Gold people, including myself, have been a little bit more bullish on Twitter. I think you&#39;ll see an exhaustion of bullish sentiment in the short term and then a price pullback.&quot;<\/p>\n<p>Dillian, who has a 40% exposure to gold, is continuing to hold his position but is planning to hedge. &quot;I expect about a 10% correction,&quot; he said<\/p>\n<p>By Anna Golubova and Michelle Makori<\/p>\n<p><a href=\"https:\/\/kms.kinesis.money\/signup\/philipo827\"><u>Time to Buy Gold and Silver<\/u><\/a><\/p>\n<p>\n&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><\/p>\n<p>Tim Moseley<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold at the highest probability of a &#39;melt-up&#39; since the 1980s, but don&#39;t rule out 10% corrections &ndash; Jared Dillian Commodities are known to top following major geopolitical events but don&#39;t discount gold seeing 10% moves in any direction as the market is at the highest probability of a melt-up since the 1980s, according to &hellip; <a href=\"https:\/\/prendergast.net\/?p=2605\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Gold at the highest probability of a &#8216;melt-up&#8217; since the 1980s but don&#8217;t rule out 10 corrections  Jared Dillian<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[291],"_links":{"self":[{"href":"https:\/\/prendergast.net\/index.php?rest_route=\/wp\/v2\/posts\/2605"}],"collection":[{"href":"https:\/\/prendergast.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prendergast.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prendergast.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prendergast.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2605"}],"version-history":[{"count":0,"href":"https:\/\/prendergast.net\/index.php?rest_route=\/wp\/v2\/posts\/2605\/revisions"}],"wp:attachment":[{"href":"https:\/\/prendergast.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prendergast.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prendergast.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}