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Gold Has Broken Out - HUGE Implications

This looks like a game-changer to me. Never mind inverse head and shoulders, necklines etc, gold (on this log chart) has broken out of a wedge formation going back 18 years ! This at a time when the dollar cycle peak is behind us and the gold cycle peak is ahead of us in the mid 2020's.  The masses are clueless, but we've been expecting this since the gold cycle bottomed over 2 years ago. Unless something goes badly wrong (something I've missed), and if we close above the support line at the end of this week, I'm as close to certain as I'll ever get that big moves are coming this year rather than next. The next stage of our young bull looks as if it can't wait. Silver is likely to explode higher quite dramatically, and the miners could double by the end of the year. I'm still expecting the dollar to plunge another 8 points or so in the next 4 to 8 weeks.

Chart415gold.PNG

And zoomed in...

Chart416gold.PNG

16 upvotes $0.03

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