With the price of gold trading near $1,800, the last time gold had this setup in surged 330%!

What A Setup For Gold!
December 16 (King World News) – Patrick Karim:  Last time gold got this setup, it ran 1400$ or 330% gain in 76 months. Targeting 3100$ to 7600$ if gold can execute game plan once again.

Gold Price Now Targeting $3,100-$7,600!

Capitulation For Miners
Fred Hickey:  BPGDM – Gold Miners Bullish Percentage Index plunged from 30 to 20 (yesterday). Lowest since early Oct. (it was just slightly lower) before miner rally (see GDX chart below). BPGDM didn’t even get that low in March (before big rally). Prior to that, March 2020 was last time index at 20.

CONTRARIAN ALERT:
Yesterday Gold Miners Bullish Percentage
Plunged From 30 to 20!

New interview from legend Doug Casey discussing gold, silver and
global chaos! To listen click here or on the image below.

Brother, Can You Spare A Trillion Dollars?
Liz Ann Sonders, Chief Investment Strategist at Charles Schwab:  Historic increase in global debt last year.

Global Debt Saw Largest Surge In 50 Years!

OUCH!
Holger Zschaepitz:  OUCH! German power prices surged almost 10% to a fresh record after EDF was forced to close or extend the halts of as many as four nuclear reactors for safety reasons just as demand hits a peak over the winter months. The reactors make up almost 10% of the French nuclear capacity.

German Power Prices Continue To Skyrocket!

Golden Breakouts
Peter Boockvar:  Just as the Fed separates out QE from rate hikes as it is calibrating policy, we need to do the same when analyzing the impact on the economy and markets. QE is of course ending quickly and the history of QE has been to stimulate the multiples people pay for stocks, bonds and just about everything else. As for rates, that is what most directly influences the demand side of the economy and thus growth and inflation, particularly with the most interest rate sensitive sectors like housing and auto’s. Jay Powell told us yesterday that the process of rate hikes, assuming the dots play out, will be slow. After all, with two years of 75 bps rate hikes, REAL rates might still be negative. Maybe that is why inflation breakevens jumped yesterday after initially falling after the release of the FOMC statement. The 5 yr yesterday bottomed at 2.64% and closed at 2.77%.

Markets Aren’t Buying Fed BS

Golden Breakouts
Graddhy out of Sweden:  These were a good sign as suspected. Posted when Gold in these two, plus other major currencies, broke out in synced fashion 5-6 weeks ago. Note that the yellow trend line top is the August 2020 top, i.e. the trend line was the long term resistance line. These two are now clearly backtesting.

Gold Breakout In Chinese Yuan 6 Weeks Ago

Gold Breakout In Swiss Franc 6 Weeks Ago

***To listen to one of Agnico Eagle CEO Sean Boyd’s most powerful interviews ever where he discusses why gold will hit new all-time highs and exactly how he expects the mining stocks will trade in the new year CLICK HERE OR ON THE IMAGE BELOW.

***To listen to Alasdair Macleod discuss what the bullion banks are up to ahead of the Basel 3 deadline and more CLICK HERE OR ON THE IMAGE BELOW.

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