Nicoya Research: Gold $6000 by 2026
“The gold price made a new all-time nominal high today at $1,945 per ounce. This move should not come as a surprise to anyone paying attention to the current financial landscape. The FED has injected an unprecedented amount of new money/debt into the economy since March in efforts to avoid a collapse from the impact of the Covid-19 virus and subsequent restrictions of business activity globally. Over $6 trillion in stimulus so far is roughly double the entire amount injected during the financial crisis of 2008/09. And they are just getting started.
https://nicoyaresearch.com/gold-makes-record-high-and-targets-6000-in-new-bull-cycle/
I like the graph in that article. I’ve posted something similar (a long time ago). It gives a very good ‘reality check’ and helps to set expectations.
Thought u will like it. Plus his MA ribbon chart is interesting.