TAG: gdxj
Gold Price Forecast – A Runaway Move Could Push Gold Towards $3000 by August
The 2005 Gold BreakoutIn 2005, gold broke decisively above the $450 level and entered the recognition phase of the bull market. Notice how prices kept rising despite overbought conditions; corrections were sharp, brief, or absent.I point this out because...
6 months ago
Gold Price Forecast – Prices to Challenge $2500 After a Brief Pause
Interest PaymentsInterest payments (represented by the red line) on U.S. debt have surpassed the Defense Budget (black line) and are now on par with Medicare (green line). If this trend continues, debt payments could potentially exceed those of Social Sec...
5 months ago
Gold Price Forecast – The Bull Run in Gold Miners is Just Starting
Gold Cycle IndicatorOur Gold Cycle Indicator finished at 236; we hedge our mining portfolio once it advances above 350.Gold MonthlyThe monthly gold chart confirmed a major breakout, and we think prices could test $3000 in 2024. By 2030, we see prices trad...
5 months ago