24 August 2019

Gold: A Path to Challenge 1800 by Year End

If this potential chart formation 'works' I will be as surprised as anyone. lol

I do think that gold will eventually challenge its all time high in dollars, but maybe not so quickly.

In order to maintain 'orderly markets' I strongly suspect that there will be determined efforts to limit rallies in gold to around 20-30 dollars or less.

We may see a 100 dollar up day before this reaches an intermediate peak.

The ultimate objective for this leg of the bull is closer to 3000 than to 2000, but let's take this one chart formation at a time.

Let's watch to see how this all unfolds.