Gold’s Upside Potential in the Next 3 Years
I have focused on the coming secular shift in Gold and precious metals because it has massive implications over the coming years and into the 2030s.
However, I will discuss the cyclical potential of the current move in Gold today. With a strong close above $2100, Gold is in a new cyclical bull market.
The chart below notes the historical cyclical bull moves in Gold.
Other than the first cyclical bull (which did not begin in earnest until late 1971) and the most recent, every cyclical bull lasted roughly three years, give or take a few months.
The cyclical bulls were far more powerful and volatile in the 1970s than in the 2000s.
Gold’s breakout from a super bullish cup and handle pattern, which we have written about since 2021, triggers a measured upside target of $3000/oz.
In researching historical and similar breakouts, we found that the market at hand moved from its measured upside target to its logarithmic target in six to 12 months.
Gold’s logarithmic target is around $4000/oz. That equates to a 117% cyclical bull market from the October 2023 low or 146% from the October 2022 low.
However, a breakout from a 13-year pattern around all-time highs will likely produce a more explosive move to the upside.
I do not expect the move to be as big as those in the 1970s (464% and 718%), but I do expect it to surpass the moves in the 2000s. A 200% gain from the 2022 low takes Gold to nearly $5000, while a 200% gain from the 2023 low takes Gold to $5500.
I am looking at the end of 2026 as a potential peak for the cyclical bull. That is four years from the 2022 low or three years from the 2023 low.
Gold fulfilling this potential requires a recession and downturn and strongly outperforming the conventional 60/40 portfolio. Gold has broken out against Bonds but has yet to against Stocks.
At present, Gold is only days past, potentially its most significant breakout in 50 years. Should the breakout hold, we should expect gold stocks, especially junior gold stocks, to dramatically outperform Gold over the next year or two.
Source: https://thedailygold.com/golds-upside-potential-in-the-next-3-years/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,641,519,439 |
| Stories: | 8,254,506 |
Whistler Blowers, Insiders
