It is Far From Over
The recent banking melt down is just the tip of the iceburg. Rising interest rates have stressed the whole financial system to near collapse.
Equities dumped and people fled to the safety of gold, dollars, and bonds.
Over the last five days gold has dramatically turned up getting close to hitting new all time highs and showing signs that it will continue to march upward.
While both the E.U. and the Federal Reserve have back stopped the failing banks it has become it clear to everyone that the banking system is holding so much toxic bonds that there is real systemic threat of wide spread collapse with all the toxic bonds in the system.
Central banks have been bulking up their gold reserves and the recent bank failures have given even more people to seek refuge in gold.
https://stockcharts.com/h-sc/ui?s=%24GOLD