Charts show us the golden brick road to high prices.
GLD Gann Angle has been working since 2016. Higher prices are expected. Who would say anything different, and why and how?
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The GLD very wide channel shows us the way.
- Conservative: Tag the 10-year rally starting in 2001 to 2019 and it forecasts $750 GLD (or $7500 USD Gold Futures) in 10 years.
- Aggressive: Tag the 5-year rally starting in 1976 to 2019 and it forecasts $750 GLD (or $7500 USD Gold Futures) in 5 years.
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GLD cycle.
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Jim Sinclair talks a gold target of $87,000 USD. This makes our target of $7,500 USD look silly.
The next 6 months should be very interesting.
.webp)
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