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Gold price closely mirrors 2011; is a crash coming with no recovery? Gary Wagner
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Gold price closely mirrors 2011; is a crash coming with no recovery? Gary Wagner

January 27th, 2021 Kitco News comments

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Gold's price pattern from January, 2019 to 2021 mirrors that of gold in the same two-year duration, starting from 2010; both time periods saw gold surge to a top in the 3rd quarter and both times saw costs go down from its high in practically identical size and also timing.

Gary Wagner, editor of TheGoldForecast.com, claimed that this resemblance ought to deviate and also in time, gold will climb up out of its existing consolidating range.

0:00 – Gold now vs 2011
6:08 – Gold's basics
9:02 – Fed conference today
9:49 – Gold's crucial levels
12:41 – Bitcoin

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Gold price closely mirrors 2011; is a crash coming with no recovery? Gary Wagner

Gold's price pattern from January, 2019 to 2021 mirrors that of gold in the same two-year period, starting from 2010; both time periods saw gold rise to a top in the third quarter and both times saw prices drop from its high in almost identical magnitude and timing.

Gary Wagner, editor of TheGoldForecast.com, said that this similarity should diverge and in time, gold will climb out of its current consolidating range.

0:00 - Gold now vs 2011
6:08 - Gold's fundamentals
9:02 - Fed meeting this week
9:49 - Gold's key levels
12:41 - Bitcoin

__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

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