Gold BULLion
Gold flipped the previous resistance as support and now broke out of a channel. With the economy in dire straits, cash money looking rather unattractive and stocks overvalued I expect a strong move on gold in the following years.
Chart isn't overly analytical. Just a rough idea based on past performance.
Chart isn't overly analytical. Just a rough idea based on past performance.
Note
Once upon a time I published this idea.
Gold supercycle has well and truly started. That 40 year diagonal resistance is being obliterated in a perfect macro storm for Gold. I wouldn't be surprised to see Gold rally to
4K over the coming years.
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