Those of you who follow me will know I’ve remained convinced for years that we’re in a young PM bull market, and I’ve posted literally thousands of charts to help you keep the faith. Well, this is the final part of the initial leg – a return to that $1800-$1900 zone. Looking at how far we are above the 12 month moving average, we should have enough in the tank to get to $1850. I’d like to see a spike to $1900, but it’s in that region where I’d urge caution. We’re likely (in my view) to have some kind of pause\/consolidation (handle ?). I’m not sure yet, how long it might last, but it may well allow those who are nimble enough to exit and re-enter some of their positions.<\/p>\n
A combination of distance from moving average (Patrick has some great charts on that), technical indicators and cycle timing will give us clues. Stay nimble and be ready.<\/p>\n
It’s worth saying that buy on weakness and hold is going to work just fine – we have many more years to go in this bull and I believe we’re heading much, much higher this time around.<\/p>\n
Those of you who follow me will know I’ve remained convinced for years that we’re in a young PM bull market, and I’ve posted literally thousands of charts to help you keep the faith. Well, this is the final part … Continue reading ![\"\"](\"https:\/\/goldtadise.com\/wp-content\/uploads\/2020\/04\/Chart2090Gold.png\")
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