Loading ...Gold – Price And Time
Here’s something I’ve been watching for a while…
One thing is certain. Time is fast running out. We have a maximum of around 6 months. The tension is clearly building (in my view). A sustained move down from here would break the bull charts. That’s not what I’ve been expecting though. I still believe we will hold and burst higher in the next few weeks.
Agree Northstar the potential upside especially when viewing price on a log scale is eye-watering stuff.
Just imagine the cash generation and what miners would be worth using back-of-envelope conservative AISC at $1000-1500/oz against a future spot price that is double, triple or dare I say towards $9000 as per your projections.
Anyway one step at a time first as we patiently wait for break above $1350-70 🙂
That’s the key Jonno – breakout of this long consolidation pattern 🙂