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Gold

By: De_Composed in 6TH POPE | Recommend this post (0)
Tue, 24 Sep 24 9:22 PM | 11 view(s)
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Gold is on a tear but it has a long ways to go. One reason I say this is illustrated in the graph to the right, to which I've added some green, purple and red lines. Green shows major bottoms in gold's past. Purple shows major tops. Red shows the duration of the secular bull markets, from major bottom to major top.

Based on the red lines, if gold were to "top" anytime soon, it would be far and away the shortest secular bull market in the last 60 years. I think several more years of big gains can be expected.

That's all. It's just an observation.






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