Gold’s drop…
Likely means we will be rangebound into the summer/fall of 2021.
This is turning out just like the price spikes during the last bull run—meaning it will probably be over a year before the 2020 highs are taken out for good.
Likely means we will be rangebound into the summer/fall of 2021.
This is turning out just like the price spikes during the last bull run—meaning it will probably be over a year before the 2020 highs are taken out for good.
Nautilus, I believe you are right that this will end up being a longer-term consolidation but that it will not last that long. I believe the still-stretched moving averages will catch up in several months and give the energy for a rally in the metals and the miners.
I hope you are right, but I am just basing this prediction based on corrections during the last bull run.
Basically, I don’t anticipate the next intermediate cycle to take us anywhere. I’m going to assume it bottoms sometime in the spring of 2021.
While the IC after that one may make a new high, I’m guessing it will drop back into the current trading range at its ICL in August or September 2021.