GOLD-INAUGURATION DAY 2021 TARGET 2800$|SUPER-CYCLE TARGET 3600
Monthly chart that's quite self-explanatory.
There's no reason that the current trend that's lasted 20 years would suddenly break, unless the FED start raising rates which would absolutely obliterate the already crumbling economy.
Compared to 2008-2009, money growth has surged almost twice as fast fred.stlouisfed.org/series/M2. Simply going off from the previous extension that occurred post 08' where gold rose close to 2000 by 2011, assuming such an extension(+85% from the previous peak) occurs, we should expect a top in the range of 3500-4000$.
The near term target by inauguration day 2021, should be in the range of 2450-2800, depending on the amount of stimulus expected to be announced by the end of August, and of course who'd win the 2020 US election.
Interesting relationship: should expect a strong correlation of gold and US big tech as long as handouts keep on flowing and inflation is below ~6%. This may change, if the tax code is amended ~2022-2023.
It's been some time since I last shared an investing idea. Open to comments,ideas, discussions. Thank you for following.
-Step_ahead_ofthemarket
________________________________________________________________________________________
>>I do not share my ideas for the likes or the views. This channel is only dedicated to well-informed research and other noteworthy and interesting market stories.>>
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Disclosure: This is just an opinion, you decide what to do with your own money. For any further references or use of my content- contact me through any of my social media channels.
There's no reason that the current trend that's lasted 20 years would suddenly break, unless the FED start raising rates which would absolutely obliterate the already crumbling economy.
Compared to 2008-2009, money growth has surged almost twice as fast fred.stlouisfed.org/series/M2. Simply going off from the previous extension that occurred post 08' where gold rose close to 2000 by 2011, assuming such an extension(+85% from the previous peak) occurs, we should expect a top in the range of 3500-4000$.
The near term target by inauguration day 2021, should be in the range of 2450-2800, depending on the amount of stimulus expected to be announced by the end of August, and of course who'd win the 2020 US election.
Interesting relationship: should expect a strong correlation of gold and US big tech as long as handouts keep on flowing and inflation is below ~6%. This may change, if the tax code is amended ~2022-2023.
It's been some time since I last shared an investing idea. Open to comments,ideas, discussions. Thank you for following.
-Step_ahead_ofthemarket
________________________________________________________________________________________
>>I do not share my ideas for the likes or the views. This channel is only dedicated to well-informed research and other noteworthy and interesting market stories.>>
However, if you'd like to support me and get informed in the greatest of details, every thumbs up and follow is greatly appreciated!
Disclosure: This is just an opinion, you decide what to do with your own money. For any further references or use of my content- contact me through any of my social media channels.
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