Gold Bull 2027-2032, Monetary Reset & EU Breakup | Martin Armstrong

Martin Armstrong correctly forecast the recent six-month correction in Gold and Silver, with Gold falling roughly 30% from $5,600 to $3,900 and Silver about 55% from $121 to $55. Both have since rebounded—Gold near $4,500 and Silver above $66—but Armstrong sees this as potentially only an oversold bounce. 

 

» Gold and Silver bull market from Q1 2027 into 2032. «

He argues that precious metals hedge primarily against government, not inflation: Gold fell for 19 years from 1980–1999 despite rising government debt. The current correction reflects growing market complacency over Iran and Ukraine, while smarter money recognizes that neither conflict is likely to resolve cleanly. Armstrong expects the decisive structural turn in Q1 2027, launching a sustained metals bull market into roughly 2032, followed by a monetary reset—marking the peak of the current public-debt cycle and a systemic shift away from pure fiat structures. Central banks lack effective tools against cost-push inflation from such shocks.

 

» This will lead to dramatic changes. «

 

The EU risks breakup by around 2029. Europe's trajectory increasingly resembles the systems Eastern Europeans fled. Governments act solely in their own interest; free-speech and media constraints (illustrated during COVID and through pressure on journalists) demonstrate the pattern. Energy attacks by Ukraine on Russian oil infrastructure are already creating shortages that force Russia toward imports and are expected to drive energy prices higher.

Silver Squeeze Blasts-Out Last Short Funds—Watch Grains | Oscar Carboni

I started in the silver pits as an 18-year-old kid back in 1982. For decades, Silver was stuck in a range between $7.50 and $21, even while other metals soared. While Gold moved from $265 to $4,000, and Copper and Palladium saw massive gains, Silver remained artificially suppressed.

» You must be careful not to "plow in" at these levels. «

Silver (daily chart).

For 40 years, major funds and big banks have held Silver down by selling it short and selling calls against it to collect premiums. They did this successfully for four decades until Silver finally got noticed by the broader public. What you are witnessing today is a massive, forced short squeeze. The funds that held short positions for 40 years finally got caught and are being forced to exit.
 

Caution in the Metals Sector

While the rally is exciting, you must be careful not to "plow in" at these levels. If you missed the initial move, you missed it. At $117, the volatility is extreme. Every $1 move in Silver represents a $5,000 gain or loss on a single lot. This looks like capitulation—the final "blow-off" top where the last remaining shorts are blasted out.

Gold (daily chart).

 

 Platinum (daily chart).

 

Copper (daily chart). 

 

Looking at the broader sector, Gold continues to trend within its reliable channels, and Platinum and Palladium are also moving higher. Copper had a fantastic rally today as well, moving at $250 per point.

 

The Next Opportunity: Grains

With Indices, Currencies, and Metals already having gone to the moon, I am looking for what is left. The answer is the Grain Market. Soybeans, Wheat, Corn, and Oats haven't moved yet. As spring planting approaches and other commodities become too expensive, watch for fund managers to rotate their capital into the grain sector.

Reference:
Oscar Carboni (January 26, 2026) - The Silver Squeeze Has Blown-out the last Hold-out Short Funds Today. (video)

 

Silver (XAGUSD, monthly closes, log scale): Long-term Cup and Handle breakouts with 10x price targets, 1800-2025.

 

See also:

Namzes (January 26, 2026) - Silver: Local Top Intraday, not THE Top yet.

 Andrew Hoese (December 28, 2025) - Silver and Commodities: The Case for Long-Term Investment.