The (bad) news from under the bridge.
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I've predicted several times here that gold has entered a protracted bear market with next low around 2030.
This chart shows gold is grossly overpriced.
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I want to leave you with one more chart. It is a very long (300 years) chart of CPI adjusted gold. The CPI adjusted gold is interesting because it shows highs and lows that are not visible on a nominal chart. Gold was largely fixed until the world came off the gold standard in August 1971. On the chart major lows appear to be have been made in 1780, 1815 (35 years), 1865 (50 years), 1920 (55 years), 1970 (50 years) and 2000 (30 years). Not that there is a consistent pattern here but what it does suggest is that the next major low shouldn’t come until at least 2030 but could go out as long as 2050. ==================================
