On July 10, 2024 it was noted that the current gold pattern was similar to that of the late 1970s. After four years of economic stimulus packages gold will move higher. The reason for this rise was explained in the Silver Ascending Triangle article posted on December 24, 2022. This move upward is expected to go parabolic, as it did in 1979.
Note that this information is for educational purposes only and not a recommendation.
Charts courtesy of StockCharts.com.
2020 – 2024
1975 – 1979
