What follows are 3 gold charts which lay out my expectation for 2020. The first compares the base breakout in 2002/2003 to where we are now. In effect, back testing the breakout with a bullish descending wedge, which targets somewhere in the $1410 area (that’s also roughly the region where the 200 day moving average sits currently). I’m not saying we are going to hit $1410, just that it’s a possibility. 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. Another lengthy consolidation/correction can be expected after that, probably bringing us back to $1600 or a little less. The next advance in 2021 will, most likely take us to new all-time highs…

Finally, what does that mean for the miners ? Well, it’s pretty clear to me that we could realistically expect a 100% gain in the next few months…

So that’s my working plan. If the first part of it pans out, and we do indeed see a very big move in the miners, my recommendation (for what it’s worth) would be to lock in profits as the move is coming to a close (I’ll be posting my views on that nearer the time of course). 2021 also has great promise, and could well bring new all-time highs. With the mid-15 year cycle low due in early 2023, I would view 2022 with great suspicion.