Gold In 2021: Will It Be Fun?

22.        Double-click to enlarge.  If the 2021-2025 war cycle comes to life, the potential cup and handle pattern on the weekly gold chart is likely to activate, and gold could surge to $5000 or higher. 

23.        What about the miners?  For a look at some daily chart action, double-click to enlarge this GDX chart.  There is a small inverse head and shoulders pattern in play and that’s positive action.

24.        As the price of gold arrived at my $1788 buy zone, GDX traded at about $34. Traders can book some profit.  Long-term investors should be happy with the core positions they added to their portfolios.  For the world’s gold community, the month of December is beginning on a golden note.

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