Gold at $1,400 Not Out of the Question: Todd Colvin

The video discusses the potential impact of Brexit and the Federal Reserve's actions on gold prices. It highlights the possibility of gold reaching 1300 and 1400 by year-end, depending on market reactions. The uncertainty in Europe due to Brexit and its implications on the EU and global markets are also explored. The volatility of gold prices and the influence of market sentiment are emphasized.

What historical price patterns are considered when predicting the upside for gold prices?

• The triple bottom from March and April 2016 lows

• The double top from May and January 2015 highs

• The head and shoulders pattern from 2014

• The ascending triangle from 2013

How has the Federal Reserve's stance affected gold pricing?

• It has removed the expectation of immediate rate hikes

• It has increased the expectation of rate hikes

• It has stabilized the gold market

• It has decreased gold prices significantly

What are the potential ramifications of Brexit on the EU?

• Strengthening of the EU's economic policies

• Increased trade deals with non-EU countries

• Impact on other EU countries and potential side deals

• Immediate economic growth in the EU

What is the predicted gold price by the end of the year if the Fed is out of the picture?

• 1400

• 1300

• 1500

• 1200

What tends to happen to gold prices when they rise quickly?

• They stabilize

• They continue to rise

• They tend to fall

• They remain unchanged