Gold’s price should rise dramatically vs. bubble assets in the coming years if a “post-bubble” macro develops after the risk portrayed in the first chart above plays out.
Now that we have covered the potential for multi-year investable opportunities, the next question is what to do during those years the [S&P] market will decline?
Gold has had a good year. Currently up 34.2% in 2024, if it holds it would be the best year since 1979, the year gold took off into the stratosphere, gaining 134.8%.
Trend is bullish for gold and silver and copper. Rapid rise in conflict escalation between Israel and Islamic nations will ensure the continuity of bullish trend today and in October.
Our updated projected target for the end of wave 3199.90! We still expect higher prices as wave @iii@ continues to develop. Recommendation: Go long gold. Use puts as stops.
Year-to-date, the gold price has risen from last year’s settle at 2072 to as high as 2709, to settle the week Friday at 2681. That is a net year-to-date gain of +29.4%
