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  • The majority is never right. Never, I tell you! That’s one of these lies in society that no free and intelligent man can ever help rebelling against. Who are the people that make up the biggest proportion of the population — the intelligent ones or the fools? I think we can agree it’s the fools, no matter where you go in this world, it’s the fools that form the overwhelming majority - Henrik Ibsen.

    -

  • The mainstream (corporate) media is nothing less than the unofficial accomplice of the banking crime syndicate which is running/ruining our markets and economies. Nowhere is this despicable relationship more apparent than in its deliberate efforts to grossly misinform investors on the critical subject of risk.

    Jeff Nielsen

  • The business of investing rationally becomes problematic when market participants are pursuing maximum nominal returns without a second thought as to the real (inflation-adjusted) value of those returns and the location of the savings.

    --

  • Comparing the currencies is like picking the prettiest horse in the glue factory. The history of all fiat currencies shows they all end up being valueless. Gold’s nobody else’s liability and it has no counterparty risk. It’s provided protection against destruction of wealth for centuries and we’re at the cusp of another major chapter in its illustrious history.

    Sprott

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Gold Targets

Soon or later the price of Gold will return to NORMAL...

Gold Targets: $ 25,000 Gold ?...pick your number up to 10³¹

Posted July 2020

gold quartely target 2020 07 03 GOLD TARGETS 2020 03 02
posted July 2020 posted March 3, 2020
Gold expectation 2019 08 12
posted August 2019
Based on Fourier Analysis

Gold cycles with a new record not later than 2024.

gold 3 waves target 7890 Gold cyclus  2024
   

Elliott medium term weekly chart with targets.

gold weekly feb19


Our Point & Figures-chart price target:

Gold_pf3


Price Target as seen by Elliott Wave technicians (Aug 2018):


This is the ideal long term gold cycle:

ideal gold cycle

 

EW gold 2017 12 25 SCC radar 2017 12 12
$1620 is the TOP of the channel Buy signal as strong as in 2000-2002

Gold 1965-2021: Markets move up and down in waves. We call it A-B-C-D waves. In case of an uptrend, A and C are up waves. B and D down waves (corrections). The A wave is smaller than the C wave. The Gold & Silver sector is now in a process of moving from B (correction $1220 - $1180) into the most dramatic up wave C (with a top which will break the 2011 record of $1920). Timing always is a guess: Patience is bitter but the Fruit is Sweet. The combination of both charts below (the strength of technical analysis lies in the COMBINATION of charts, in figuring out the puzzle....not in looking at a chart in particular) tells us that the next major upleg for the Gold & Silver sector will start in JUNE - JULY 2017.

gold 1965-2021 LT-Gold
 Gold 1967 - 2019 click to enlarge: Gold 2008 - 2027


The gold price is likely to explode as a result of the sovereign debt crisis in Europe and the USA, combined with the impact of the negative real interest rates ruling in many major economies and Fractional Reserve gold. Having said this, the PAPER VALUE of gold is TOTALLY UNIMPORTANT...

 

image001

 Our calculated technical "Medium-Term" targets:

  • There are several technical and fundamental ways to calculate the potential objectives for Gold: $ 1,460 - $ 1,650 - $ 6,000 - $ 6,221 - $8,000 - $10,000 - $15,000 - $ 25,000
  • In 2006, after a total fall of 22.6%, it took a year and four months for gold to surpass its old high. After the 2008 meltdown, it was a year and six months later before gold hit a new record. Our recent correction more closely resembles the one in 1975-76. After a 48% drop, gold matched the old high seven months later. It took another two months to stay above it...and only a little more to reach $ 850 (+900%)
  • If we take U.S. gold reserves at 252 million ounces and we divide that amount into the national debt of 14 trillion that yields a staggering amount of $53,639 per ounce. Even taking the world official gold reserves divided into the US debt of 14 trillion we still get $15,873 per ounce.
  • Gold is going up and STAYING up. Everyone is looking for where and when the top in gold will come. Will it be Jim’s $1650 or Alf Field’s $10,000 plus before it comes back down? To put it nicely, everybody will be wrong.
Gold newmoon1
Gold and Full Moon Gold and New Moon
gold-long-term-chart-1 2020 gold-cycle
GOLD-long term march 2014 delta log gold mo2014
Gold 20156 obj GOLD 2700
gold  Interest rates gold obj scenario
Gold 6 month cycle gold cycles 2016-12-29
 Click to enlarge the pictures...  Click to enlarge the pictures...

My medium-term $- Gold Point & Figure forecast (approximate technical indications)

Gold obj jan11

The answer to the big Randy and volatile formation which comes of congestion area analysis is because the range represents a standoff between supply and demand, which is largely offsetting. Moreover, you and I, not to mention everyone else, can only deal with the reality that the market provides. Consequently, many who wish to sell above the range eventually lose patience or hope, and then lower offers to within the range. Similarly, those who wish to buy below the range eventually raise their bids until they are able to clamber on board.

This dual process of lowering offers and raising bids extends the range. More significantly, it can also result in a vacuum of supply above and demand below the range. Once either the supply or demand is exhausted, a breakout of often dramatic proportions can take place. In other words, an absence of sellers and continued demand will produce an upside breakout, and vice versa. Once the breakout occurs, others jump on board, fuelling a self-feeding trend.


Table as of Sep. 1, 2011 1980 multiplication factor 2011 average multiplication factor Normal Gold
price
Credit market debt $ 4 trillion 12 $ 52.2 trillion
SP500 105 11 1155
US Federal debt $ 0.84 trillion 17 $ 14.3 trillion
Gold 800 2.25 2000 13 $ 10,400
Dow Jones 10400 1 $ 10,400

 

gold fazes 2015 Gold US5000 Is it Possible And when-2014-2
note: we are experiencing the 1st sell-off and Bear Trap NOW (May-June 2013 until October 2014)!
  • Elliott Wave forecast #1:  [as usual - very complicated] Major ONE up from $256 to approximately $750 (a Fibonacci 3 times the $255 low); Major TWO down from $750 to $500 (a serious decline of 33%); Major THREE up from $500 to $2,500 (a Fibonacci 5 times the $500 low); Major FOUR down from $2,500 to $2,000 (another serious decline); Major FIVE up from $2,000 to $6,000 (also a 3 fold increase, same as ONE). [I think Prechter is completely wrong with his previsions]
  • Projecting the past into the future: In the 1970's bull market, gold increased from a low of $35 to a peak of $850, a massive 24.3 times the low price. If the current bull market was to be of the same order, then one could project an ultimate peak of over $6,221 ($256 x 24.3). [makes sense assuming the bottom for the Dow is 6,000]

  • $-Gold will rise until the Dow Jones and the Gold price are level:  Assuming a Dow Jones of 15,000, $-Gold will rise to $ 15,000.

  • Elliott Wave forecast #2:  [as usual - very complicated] Assuming that the $699 low on 23 October 2008 turns out to be the actual low point for Major TWO, following objectives can be calculated. Major ONE up from $256 to $1,015 (actually 4 times the $255 low); Major TWO down from $1015 to $699, say $700 (a decline of 31%); Major THREE up from $700 to $3,500 (a Fibonacci 5 times the $500 low); Major FOUR down from $3,500 to $2,500 (a 29% decline); Major FIVE up from $2,500 to $10,000 (also a 4 fold increase, same as ONE)

  • The Shadow Gold Price (Paul Brodsky & Lee Quaintance): Our "Shadow Gold Price" (SGP) gives us the nexus of a valuation metric that seems legitimate and, hopefully, profitable. We gathered monthly data on a host of variables since 1973. The graph immediately above is a 35-year time series of the spot market gold price and the SGP. As you can see, spot gold and the SGP tracked each other fairly closely until the early 1980s. Interestingly, the SGP begins to take off in the mid-80s and has gone to the moon in the last couple of months. Of course, this isn't terribly surprising, given the muted variances in official gold holdings and the aggressive growth in FRB balance sheet liabilities over the same period.

  • Krassimir Petrov expects that when the gold bull market peaks, the price of gold will roughly equal the Dow Jones Index. Thus, we should expect that gold outperforms the Dow in the coming years about 10 to 20 times, in order to bring that Dow-Gold ratio down to the range of 1 to 2.

  • Elliott Wave forecast #3: [see chart below] Elliott Waves are extremely complex and subject to different interpretations. Interesting, however, is that the max. EW correction is $ 1522 and that such correlates with the potential maximum correction on the Point and Figures charts. Such however does not indicate we actually will see Gold at this low price. [ click on the chart below to enlarge]

GoldElWave


Objective according to Shadow Stats: $ 9,500


Key levels for $-Gold are

$ 961 - $ 1024 - $ 1089 - $ 1156 - $ 1224 - $ 1300 - $ 1460 - $ 1650 - $ 1820 - $ 2380 - $3500


The same applies to Krugerrands. "There are over 55 million Krugerrands. It's really easy to buy and sell anywhere from one Krugerrand to a couple of thousand Krugerrands. It's really a very liquid market."



Gold price objective in terms of the Standard and Poor's Index: 8 x SPX = $ 8,000


The COMEX is short in Gold and Silver beyond what they can deliver. If this is true, Gold will double overnight!

They dig their own grave each time they drive the price of paper gold and Silver down...but what else to expect from empty heads!?

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