Despite gold’s volatility in the recent consolidation, the gold price target is now $15,000.

Gold
May 29 (King World News) – Graddhy out of Sweden:  Gold is in a 45-year parabolic slingshot-move.

Gold has moved 75% (..!) since I posted on the blue breakout. Hope you caught the whole move.

KING WORLD NEWS NOTE: Gold Price Target Is Now $15,000

When it looks right, it probably is.

Target for gold is $15,000, and I might raise it further.

It is happening NOW, not later.

Gold
Graddhy out of Sweden:  Sometimes it can be interesting to look back and see how things have developed.

Posted the big picture gold chart below back in April 2020, i.e. right after the covid lows (which I called in real-time).

KING WORLD NEWS NOTE: Chart Of Gold I Shared In April Of 2020. Upside Was Then Followed By Pullback, Then Off To The Races

It was the most probable route, and it played out:

– got the exact handle, as drawn

– got the high at 2011 highs (2089), as drawn

– got early 8 year cycle low in 2022, as drawn

– got the early 8 year cycle low at the exact level as drawn ($1613)

– got breakout above $2000 at end 2023, as drawn

So yes, technical analysis is not about looking back.

One can use the historical data to figure out what will happen.

Canadian Junior Stocks Have Been Left Behind, But…
Graddhy out of Sweden:  Been saying for a few months that the secular bull for junior commodities companies is about to resume. And, it now is.

Yesterday TSX Venture gapped back up into the red volume thin zone. This, after a 3 year consolidation bottoming phase. It will now climb the right side of that rounded bottom/arc. Should mean that many companies with the V-suffix is about to move higher.

Been sharing the chart below plus other TSX Venture charts for 5 months now, showing how it is setting up for a big move.

KING WORLD NEWS NOTE: Canadian Junior Stocks Ready For Liftoff

It is a good thing people still cannot believe it. And, at the same time, the hundred post on different sideshow-narratives gets people excited and active. The move above for the TSX Venture will mean it also will have a massive breakout on monthly time frame, and that breakout will resume the bull market for TSX Venture.

Many will start saying they saw this coming. But they did not.  

Gold
Graddhy out of Sweden:  Gold is so far correcting more in time than in price, i.e. it is digesting the huge up-move by moving sideways instead of dropping. That is also what we have seen at recent weekly cycle declines.

KING WORLD NEWS NOTE: 

Been saying since gold broke out 15 months ago that think it will have a historical lockout move, i.e. not backtest the breakout at $2000. And it has not, which have locked many out of the move. 

Also said for 15 months, I think it will go to $3000-$3300 in this move. It got to $3500. 

Realize that your future life depends upon making the most out of this precious metals bull market. And, this conclusion gives that it is absolutely vital to get the best guidance.

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