THE BIG PICTURE FOR GOLD
The fundamental picture for precious metals has never been better. Governments worldwide have committed to suppressing interest rates and printing money to solve their debt problems. Eventually, they will be forced to default or devalue – it is that simple!
Collapse in Confidence
Government mismanagement will persist; this will lead to a breakdown in confidence amongst the American people. I see the potential for a breakup of the United States (balkanization) as political tensions escalate. Investors will flee government bonds fearing write-downs – gold will benefit.
Long-Term Cycle
Gold tends to form major bottoms every 8-years. The last low arrived in 2016. The next one should come in 2024. So, what can we expect over the next several years? Below are my thoughts.
An A=C measured target supports a price objective between $7500 – $10,000. However, a speculative mania or great depression could push prices north of $10,000 per ounce, in my opinion. The below chart is pure speculation, and my best guess according cycles and chart history – do not take it too seriously.
Any way you look at it, gold is going much higher, in my opinion. Buyers today should be happy 10-years from now.
Reprinted from Fxempire，the copyright all reserved by the original author.
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
اترك رسالتك الآن