The last 2 gold bull cycles, culminating in tops in 1980 and also 2011, were both followed by a rate modification and then a multi-year combining pattern.
However, the highs of in 2014 do not suggest a multi-year top, as gold is still in a lasting bull fad, claimed Chris Vermeulen, primary market strategist of.
" We're looking at roughly $2,700, offer or take, up there to the advantage, and also based upon the pattern that has actually unravelled, I would certainly say maybe reached in the next one to 2 years, that would be possibly the earliest," Vermeulen informed David Lin, anchor for Kitco News.
0:00 – Securities market cycles
12:52 – Gold price forecasts
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