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Gold Surges Back as Hormuz Reopens – 4 Major Signals to Watch Now

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by ITM Trading
Friday, Apr 17, 2026 - 16:25

Stocks rip to fresh highs on fumes while the smart money quietly exits stage left. Volume? Down 40%. Translation: retail is the bid. Bubba Horwitz isn’t buying the euphoria—he’s calling for a brutal 40–60% drawdown as leverage, defaults, and rising rates collide. Meanwhile, gold shrugs off volatility, consolidates, and eyes a staggering $6,000 target as inflation refuses to die.

Oil’s war premium is already leaking, with $50 back in play once headlines fade. Beneath the surface: pension risks, job losses to AI, and a system stretched thin. Calm before the storm—or the last gasp of complacency?

Follow Daniela on X: Daniela Cambone

About ITM Trading: ITM Trading has been a trusted leader in precious metals for over 28 years, helping clients protect and grow their wealth with custom gold and silver strategies designed for economic downturns and currency resets.

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