Jgdanks

#GOLD Chart Update: What if... just use your imagination and alternative mindset here.. What if we today are following in the same footsteps as the end of the dotcom bubble leading into the GFC of Gold? Keep in mind, this chart is Gold relative to $SPX. Notice at the end of the 2000's bubble burst, gold's outperformance of equities started rising up kind of foreshadowing the next crisis in the GFC. It sniffed it out years in advance actually. And once chaos occurred, gold really shined whereas equities did not. Are we doing something similar here where at the end of the 2022 inflation fears bear market gold bottomed and is now starting to create this rounding curl formation just like the prior rounding formation before the massive breakout? Certainly seems like it. This can play out for the next few years up to the end of this decade perhaps so there's still ample time where we can see gold oscillate and create a base here and then breakout towards $10,000+. Yes you read that right. The first breakout into the GFC was a 300% gain from the breakout point. Today we are only at 100% or so. We could easily double and then some again. The chart looks eerily similar. -Heis