Loading ...GOLD final time and price targets
Comparing the large bull markets starting in 1976 and 2001 the time to new highs was about 1250 days and 3800 days respectively. Assuming the pitchfork is valid back almost 45 years AND gold hits the upper line of the pitchfork the target for gold is between about $4500-5500 sometime between Feb 2022 and Jan 2029.
Wait a min…. this bull market. started back in Jan 2016
I’m using the final low in 2018 as that was the true beginning of the sustained uptrend.
Either way the target remains approximately the same of that upper fork trendline.
If gold breaks above the upper trendline in the fork I would say that is a good indicator we are well on our way to hyperinflation
I have no idea about the timeframe but if gold doesn’t exceed those levels by sustantial amounts you can take that pitchfork and hit me square in the arse with it!