What follows are charts laying out my views for the gold price in 2020 and beyond. The first compares the base breakout in 2002/2003 to where we are now - I’ve highlighted the 6 to 7 year advance that followed, which, if repeated, takes us into 2022…
Next up, I’ve highlighted those breakouts and added the Stochastic Indicator…
So, my theory is that we advance 20% or so from current levels, taking us to around $1700. We may overshoot towards $1800, but we’ll have a better idea nearer the time if that’s looking likely. New highs follow in 2021 after a lengthy consolidation...
Original source: Northstar - Twitter
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