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With the recent impressive moves in Gold , I was wondering, what's next for the metal? (Considering that I just got past the premium on my recent purchases!)
I simplest way I thought of to predict the next move is to compare it to the last valid Gold bull market from 2008 to 2011, the numbers show that Gold gained approx 179.55% from Oct 2008 lows to ATH on Sep 2011. This sets an impressive $4,070 price target in the long-term.
I'm also expecting a period of consolidation (maybe 1-3 months) in between $1,790 to $1,920, followed by another parabolic breakout beyond $2,000.
I simplest way I thought of to predict the next move is to compare it to the last valid Gold bull market from 2008 to 2011, the numbers show that Gold gained approx 179.55% from Oct 2008 lows to ATH on Sep 2011. This sets an impressive $4,070 price target in the long-term.
I'm also expecting a period of consolidation (maybe 1-3 months) in between $1,790 to $1,920, followed by another parabolic breakout beyond $2,000.
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