In the same category

Gold Price Forecast 2019/2018: The Various Prices Of Gold Pointing Higher

IMG Auteur
 
Published : August 10th, 2018
329 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
[titre article pour referencement]
0
Send
0
comment
Our Newsletter...

By Hubert Moolman

10 August 2018

Let’s take a look at gold priced in oil (WTI Crude), the Dow and US dollars:

24hGold - Gold Price Forecast ...

Above, is gold priced in oil from 1983 to now. Price has moved in a large channel before it broke out at the end of 2014. This is really significant given the importance of oil in the current monetary system (more of this another time).

This breakout in some way signals gold’s intention to play a more dominant role in the future monetary system/s. Price has not retested the breakout area, and formed a bullish wedge. It is still suck in the wedge and has some work to do; however it will breakout and go much higher.

Gold priced in the Dow is probably the most significant pricing of gold:

24hGold - Gold Price Forecast ...

After the rally of the first phase of the gold bull market from 1999 to 2011, the Gold/Dow ratio has formed a similar correction to that of the 70s (circa 1975). The price is still stuck in the wedge; however, the pattern appears close to completion.

A breakout from the wedge will result into an explosive rally.

The most popular gold price (US dollar gold price) is currently completing a bottoming process similar to that of 1998 to 2001.

24hGold - Gold Price Forecast ...

The current bottoming process resembles that of an ascending triangle that pierced its support line.

This has many in panic, thinking gold will go lower than the 2016 bottom (the wall of worry). This is typical of major bottoming patterns, especially gold. Price will get back in the triangle and eventually breakout higher.

For more on this and this kind of fractal analysis, you are welcome to subscribe to my premium service.

I have also recently completed a Silver Fractal Analysis Report as well as a Gold Fractal Analysis Report. You can also subscribe to this blog (enter email at the top right of this page) to get my regular free gold and silver updates.

Warm regards,

Hubert

<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Jim Cook Interviews Ted Butler: JPM, Silver Investors More
23 MayS W.
850 ounces ?? that's nothing. typo As for manipulation..read keith weiner. Silver still in downtrend that's been going for 8 years so ...
Crisis? What Crisis?
11 Maycarlomar-1
This is an excellent article, it deserves 5 STARS, your rating system is failing. I wanted to give it 5 STARS and the system marked obly one. M...
Crisis? What Crisis?
13 MayJ.-1
Yes! A return to constitutional government is what is in order.
More Trouble in Mexico: Second Largest Silver Mine Suspended Operat...
06 Mayrokdok25
I thank you for outing a thoroughly rapacious operation which not only harms the environment and its local communities, but which damages the reput...
Body Armor: Because If You’re Shooting Down Range, You Can Bet Some...
04 Mayprljr-1
Ah, sympathy for the triggered child. how sweet
Tom Petty was Right
01 Maywalkingdead1
The always insightful Mr Kunstler had me captured with his opening sentence: "anxious, fearful, and stressed-out", which pretty much describes my o...
Boeing 737 Max Unsafe to Fly: New Scathing Report by Pilot and Soft...
30 Aprsneezy671
The "Anything to save a few bucks" routine and we the passengers lose big time. Replacing costly intense pilot training for particular aircraft wit...
Body Armor: Because If You’re Shooting Down Range, You Can Bet Some...
27 AprWatchdoctor0
Hey, I love ya, and so do a lot of the other guys. You hang in there ! https://www.youtube.com/watch?v=msn-mDaJInA
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS