1970 VS 2000 Gold Bull Market Comparison
Log Scale 15 years
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Linear Scale 30 years
Fill in the Blanks
Putting it all together
Well At Least there is a Happy Ending !!
Unfortunately many of us will be in Deep Storage in the 2040s !
Further to the “Grinch” Post : What about Parabolas ?
The last chart fits with the US dollar cycles with a failed gold rally in the next dollar down cycle. That what I see as possible, especially since maybe the Eurozone will collapse sometime in the next 10 years. There is no sign of reform 5 years in to their crisis, not even a notion of the possibility of it.
For me USDX goes to 120 this time into 2016, then back down to 80-90 by 2024, then to 160 by 2030/2032 then maybe it collapses into 2040. That fits your last gold chart to a tee.
One thing I noticed: the first chart of yours is very well timed: gold at the end of 1986 looked quite perky didn’t it? Very attractive to the eye. A breakout from a big triangle formation, off to the moon by 1987, right? (NOT!)
Good Eye Dave…I noticed that uptic as well…if it happens we will be hearing from the Cult !
This is all pretty speculative of course…but If one can extract themselves from the Too the Moon Any day now mantra
One can see this is a good road map .
Two more comments:
1. The 50 quarter moving average on your bottom chart is bang on $1000. If gold goes to $1000, it looks uncannily similar to the 198 low at $82 when it also hit that ’50qma’. That was a good tradeable low.
2. As for real estate on the Moon, I don’t really imagine the USA going back to the Moon anytime soon, do you? Still getting lifts off the Russians on to the Int’l Space Station. Plus, mankind is limited for the past 42 years to low earth orbit. You will probably have to buy your apartment from the Chinese if they gfo there. I wonder if our technology cycle for this era actually peaked in 1969 but that’s another discussion altogether and off-topic!
I meant the 50 quarter moving average now at $1000 looks like it did at the 1985 low at $282. I have a biscuit crumbs under my laptop keys I think.
I missed that thanks
Again the point needed to be made PMs don’t necessarily have to have a v bottom here .
Thanks for helping me make the point .
Happy Holidays to you and yours in the UK
Fully