GoldSeek Radio Nugget - Peter Grandich: "We’re Going to Battle All the Way Up to $2500"

Peter Grandich, a Wall Street veteran, reviews charts of financial markets live on video!

- The domestic economy is performing better than expected.
- Gold chart analysis - a series of higher lows building momentum from $1600 suggests a bullish trend.
- Peter expects $2500 gold in 2025.

Grandich explains the gold chart action:

"We've had a series of higher lows since last fall, as you can see, last year, September and October, November, we put in a good bottom. In the $1650, you know, the low $1600s. Then we rallied, then we came back to only $1800. Then we rallied again, we stayed above that last low and didn't break below the 200-day [average], which you can see, then we made a higher low in November. Then even after that, reversal from that Sunday Madness, we still didn't take out in these lows. This is an extremely constructive technical move [that] you and I have talked about it – we're not alone.

Several people have talked about a 12-year Cup and Handle formation that exists both for gold and a lesser extent, for silver. And the fundamental argument now, combined with the technical, really set us up for not only new all-time highs, but I think significantly. In fact, I wrote earlier in the week that it will be a battle, but we're going to battle all the way up to $2500. I really think we're going to see a very strong 2024 for the gold price."

- Might gold rise 50%-100% in the next two years?
- PMs miners appear to be building enourmous potential energy for an explosive move.
- A review of the gold shares XAU chart where sentiment is improvin for mining shares.
- Peter reviews several market charts Live, including the Dow Jones.
- Peter outlines his life strategies.