Bloomberg Intelligence's senior market strategist, Mike McGlone, has issued a warning that gold prices, despite potential surges to $6,000, are more likely to correct to the $4,000 support level. McGlone highlights that gold's recent parabolic rise suggests a market peak this year, with its valuation appearing too high compared to commodity indices and inflation levels. McGlone also notes that while the gold/S&P 500 ratio indicates gold's diversification value, the bullish momentum in the stock market could exert downward pressure on gold prices. Additionally, he points out that the gold-silver ratio has normalized, with silver potentially declining to $50. Investors are advised to be cautious of volatility and correction risks in the precious metals market.