GOLD 0.51% $1,391.7 gold futures

gold to correct .... upwards

  1. 24,765 Posts.
    There's only one way gold is correcting this century ... and that is firmly upwards since US$250.

    A look at a chart for this century shows gold is firmly entrenched in a long term bull market which is anything but a bubble at this point in time.

    Compare gold's chart with the Dow. Despite all the noise this century the Dow is pretty much where it was 10 years ago. The Dow hit 11,000 in 1999!

    Today the Dow closed at 11,181. That makes the Dow/Gold ratio 8.26 with gold at US$1353. I'm expecting the Dow/Gold ratio at the peak of this gold bull to approach one. With all the money printing taking place in the USA and elsewhere could that be Dow 11,000 and gold US$10,000?
 
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