Gold seen well above $6,000 by year-end despite recent struggles, Wells Fargo says

Big banks calling $6,000 gold tells you everything about where we are in this cycle. When institutions start throwing around numbers that sound crazy to normies, the smart money has already positioned. I've been watching COMEX registered inventories drop while central banks keep buying. The recent pullback from $2,800 was textbook profit-taking before the next leg up. Physical premiums stayed tight through the dip, which means real demand never wavered. Wells Fargo's timeline might be aggressive, but the direction is locked in. Dollar debasement, geopolitical chaos, and monetary policy mistakes don't fix themselves overnight. Stack accordingly.