Thursday , 18 August 2022

Expect Gold To Hit $4,000 By the End of 2024 – Here’s Why

 …[History clearly shows that] bear markets are the catalyst for big moves and bull markets in Gold [and now, with] odds favoring another leg lower, [that] will be more than enough to get Gold to break out and hit my $4,000 target by the end of 2024.

This version of the original article by Jordan Roy-Byrne (thedailygold.com) has been edited [ ] and abridged (…) to provide you with a faster and easier read. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement.

Let’s take a trip down memory lane.

  • From 1969 through 1974:
    • the S&P 500 had declines of 37% and 50%…[and]
    • Gold gained 460%
    • Then the S&P corrected another 20% and 15% and
    • and Gold gained 140% before going parabolic.
  • In the [early] 2000s:
    • The S&P 500 had twin declines of 51% and 57%, along with another decline of 21%.
    • Gold gained 650%.
  • From 2011 to late 2018:
    • the S&P…only declined 13% and
    • Gold performed poorly.
  • From August 2018 to August 2020:
    • the S&P 500 had declines of 23% and then a 36% crash during COVID-19 and
    • Gold advanced by 85%.
  • As 2022 began:
    • the stock market remained at all time highs with
    • Gold had been correcting for 17 months.
  • [I have written for months]…that Gold would not perform or break resistance until a significant correction or bear market occurred in the stock market…and,
    • with the S&P 500 down 24% YTD  and odds favoring another leg lower…[suggesting] a 35% to 40% bear market
    • [that] is more than enough to get Gold to break out and hit my $4,000 target by the end of 2024.

One comment

  1. Why hold back? Just state blatantly that gold could reach $250,000 by 2028. A lot of people will believe it, and traffic to your website will increase at withering speed. Really, if you guys would just be truly realistic your credibility would increase. That’s really what you need to focus on doing.

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