HERE IS HIS LONG STANDING GOLD LONG TERM CHART WITH RECENT (TODAY’S) COMMENT

A couple of years ago, I discovered the bear market from the 1980 all-time high to the low in 2000 formed a massive 20-year bullish falling wedge. I know people don’t believe big patterns like that have any validity to them, but just look at the breakout point of that 20-year bullish falling wedge, which led to the 2000 to 2011 first leg up in the current secular bull market. That was a classic impulse move, but on a massive scale.

Now look at the 2011 six point bullish rising wedge and what has taken place since the breakout, which again is confirmation that big patterns can be valid, which I could show you many other examples of.

The long black arrow that begins at the 6th reversal-point low in 2000 and runs up to the 2011 high measures time and price of the first leg up in the secular bull market. I added that same long black arrow to the 6th reversal-point low on gold, which gives us a price and time objective for this second leg of the secular bull market into 2034, around the 13,240 area. When I do time and price projections like this, I have more confidence in the price objective vs. the time component. What’s obvious is that this leg of the secular bull market has been much stronger than the 2000 to 2011 leg by how far the current price action is trading above the long black arrow. It’s possible that the measured-move price objective could reach the 13,240 area sooner rather than later.

WRAP YOUR HEAD AROUND THIS

IF THIS BULL MARKET MOVE IS JUST GETTING STARTED AS THIS CHART IMPLIES…I WOULD HIGHLY RECOMMEND YOU SUBSCRIBE TO RAMBUS TO HELP YOU NAVIGATE

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HERE

gmag@live.ca