December 6, 2002
The long-term chart clearly shows that gold has moved into a solid up-trend which started in April 2001 and which does not show signs of weakness. In fact, the gold price is pushing towards the break-out at the resistance line around $ 325.
February 20, 2009
Mathematically, it will need a
$2,300 gold price to equal the $800 gold peak of 1980.
Our intermediate target is $ 1,340 but long-term, is likely to exceed the mathematical high of 1980.
October 6, 2011
The bull market of the gold price started towards the beginning of 2002. On the way from $255.3 to the recent intraday all-time high of $1,921 (an increase of 760%), several significant corrections took place, the most severe one in 2008 when the gold price sank by 30% only to jump 165% to a new all-time high. The bull market is not over! The price has reached a new all-time high during the past week but is not as overextended as it was in 2006 and 2008. The present momentum will likely lead the gold price higher in the short-term.
The correction in the gold price looks like it has reached its end and is back on its long-term trend line. The secular gold bull market is likely to continue reaching new all-time highs in the next months.
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