As said, ‘long’ equals ‘strong’ when it comes to consolidations and reversal pattern. This creates a strong argument for a strong gold bull market in the years to come, with a high confidence level. The secular gold chart suggests that the gold bull market will run over multiple years...
Naysayers started calling gold a bubble back when prices hit $250 an ounce and though gold’s bull market has tossed and flung the bubble callers around for almost a decade now, their voices have only gotten increasingly louder as prices broke through $1,000, $1,200 and now $1,400 an ...
In this article, we repeat the fundamental drivers underpinning this gold bull market. We also look at gold miners which are coming to life and will amplify the gold bull market. Dominant Gold Price Drivers Rising inflation expectations Inflation expectations have proven to be a dominant market dy...
The article reports that according to Sebastian Lyon, Chief Executive Officer (CEO) of Troy Asset Management Ltd., his allocation to gold secure a place the bull market. It states that 11 percent of the Lyon's 2.6 billion fund is in gold with another four percent in gold equities. It ...
Because equities are in a bear market as we speak, we can expect a gold bull market in the years ahead, enabled by the Federal Reserve changing the price of money.
GOLD CHART IS EXTREMELY BULLISH For all the gold bears and doubters, have a look at the chart below. We have had so far a 20 year bull market in gold and just broken out of a long correction. A chart cannot look more bullish than this one. There is no doubt that gold in dollars ...
The chart of the SSI shows that since 1974, we have been in one very long continuous bull market. It has been interrupted only by small corrections in the SSI. The SSI shows no ongoing or lengthy bear markets occurring since 1974, minor corrections yes, but no bear markets.. Now the pr...
GLD Gold Bullion ETF – Daily Timing Chart The daily chart clearly shows that if we continue to form a bull flag or some type of pennant formation it major breakout could takes weeks from here. Natural Gas – Weekly Timing Chart Several weeks’ back I pointed out that Natural Gas was extr...
As noted, shares of GLD began trading in late 2004, so the multi-year chart below shows the price history of the ETF. After trading at around $185 in mid-2011 at the height of quantitative easing (QE) by the Fed, gold prices began a protracted decline when the dollar strengthened on ...
Of course, defining what constitutes a bear market is a matter of semantics. If you think that a ~2-year decline into early 2023 is long enough to be called a bear market, then so-be-it! SPX hourly chart With a new high struck on Friday, the former trend line was invalidated and...