GLDM - Why We Are At The Start Of A Multi-Year Gold Bull Market
2024-05-08 03:25:00 ET
Summary
- Recently, the dollar gold price aggressively broke a multiyear resistance level on the back of escalating wars, worrying asset bubbles, and sticky inflation.
- Long-term indicators show gold is undervalued under these circumstances and can easily double in price over the coming years.
- From a technical perspective, the price of gold has broken out from a multi-year consolidation phase. If we may use history as our guide, we are now entering a multi-year bull market.
Recently, the dollar-gold price aggressively broke a multiyear resistance level on the back of escalating wars, worrying asset bubbles, and sticky inflation. Long-term indicators show gold is undervalued under these circumstances and can easily double in price over the coming years....
Why We Are At The Start Of A Multi-Year Gold Bull Market