There'll be panic as it'll be all over retail as CNBC starts painting the end of world. That presents one of the best opportunity to buy as it will be heavily shorted and sold by retail.
(see the chart)
Entered LONG with tight stops. Doesn't look like big money wants to break this trendline to catch retail stop loss :(
There's currently over 290 ounce of paper over 1 ounce of physical gold in COMEX's storage versus an average of 20-50 usually. Should the gold in the vaults run out as a result of the massive withdrawals, price will spike. But yeah, I should just be following what's on the chart as a trader than a rare tail risk.