The larger the consolidation the bigger the bull move will be once a breakout occurs. Considering gold’s 29 year consolidation phase I don’t think it’s unreasonable to expect gold to go to a minimum of $10,000 before this bull is done.
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Gold's Big Bull Move Still On The Way
Published 05/30/2016, 12:21 AM
Updated 07/09/2023, 06:31 AM
Gold's Big Bull Move Still On The Way
Latest comments
maybe if a global war or somshet like that, for 2016 max 1500
I am happy over 1500 for 2016.
Every time we change presidents the stock markets drop significantly.
$10k gold in the next 5 years though? Nah that's the song of the crack flute playing.
Lol, when paper money becomes exactly what it is, paper, Gold won't have a dollar value, it'll be priceless.
in such a situation, guns, food, oil, fabric, will be worth even more.
Somebody's been raiding Jim Richard's stash.
pretty sure it failed 1300 many times now . . my target is $500
You keep living on 90`s, wake up plz.
agreed. 500 on way before turning around,
He is probably right. The bond bubble should burst. No market is bull forever. The same exactly opinion shares Martin Armstrong
Anyone who thinks gold is going to 10000 anytime soon has their heads up their rear ends. No way. Gold going to test old lows under 1000 before turning around.
At least cross $2000 first before thinking of $10,000
Ditto, this was my first thought when I saw this figure. I'm skeptical of gold getting anywhere near $2,000 nevermind $10,000. Gold might eventually reach $2,000 but it will be quite some time before that happens. I don't see $10,000 happening in this lifetime but I suppose stranger things have happened.
$10,000 is possible due to the rapidly growing pension and healthcare deficits in USA. GDX and GDXJ are each 1/16th of my portfolio.
What colour is the sky in your world? 10,000 is ridiculous.
The COMEX has 570 paper claims for every physical ounce of gold it's actually holding. Somebody ain't getting ' their gold at the end of the day. Got phyzz?
not in his lifetime
Ι am not sure about 10,000 but 3000 seems a really reasonable bet
he is talking long term and is absolutely right...
long term....100 years or more ??
10.000$?!? What did you smoked?. It should be good stuff. . . There is no buyers for gold even at 1300..
are u sure about the correctness of 10000$!? shouldnt it be 1000$???
you got that right....it will be 1000 and lower not upward to a ridiculous 10000,
should hit 4k about same time Trump is Sworn or Hilary, USD is a daying currency sadly so is our bullying and continual belief that we can continue talking wartime when we just got of a 12-13 year recession caused by ridiculous policies and pitiful strategy in capturing and ending Al-Qaeda, the more venom we spit to the rest of the world, the more they will be in unifying themselves to end our reign at the top. All the Greats fall eventually, often by their own hand. IMO, we are witnessing this now.....
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