Is Gold going to Explode much Higher?

My fellow Hivers,

The chart below from Stockcharts shows a closing price of gold of $1752.80 on April 9. Of course this is the price of the CME futures contract for Gold.

The spot price for gold ended at $1683.80 on April 9.

This is a difference of $69!!

In my opinion,at this moment, there is a fight going on between the physical and paper gold, due to lack of availability of the physical stuff. Adding to that the immense monetary stimulus and the shutdown of the refineries, I expect the gold price will catapult much higher in the near future!

This is the moment we have all been waiting for!!

Thank you for reading and invest accordingly!