Loading ...During a downtrend price is one step forward, two steps back, and gold has been seeing that for more than 3 1/2 years. During an uptrend it is two steps forward, one step back. Suppose our last $25 up day was the first of a continuing uptrend and that represents two steps forward. Then one step back would be a down move of $12.50 followed by another up move of $25….and so on. If this is where we are and that was to happen, by the end of April gold will be $1333; by the end of May gold will be well over $1400; by the end of June gold will be over $1550…..and so on.
By the end of the year gold will be……..well, you get the picture….but $2300 comes to mind before years end.
Silverngold