Take a look at these remarkable price targets for gold.
April 28 (King World News) – Email from King World News reader Kevin W: M2 Money Supply is at a new all-time high but gold is rallying faster. Momentum looking like a bullet train.
KING WORLD NEWS NOTE: Gold Rallying Faster Than M2 Money Supply, But Still A Long Way To Go On The Upside To Reach The 1980 High
Mirroring The 1970s Gold Bull Market
I am watching the late 1978-1979 model mirror almost exactly the month by month action from late 2024 to early 2025 in gold.
By the end of Q2 1979, Gold closed 45% above the 10 quarterly moving average, 136% above 40 quarterly moving average.
KING WORLD NEWS NOTE: Gold Ran Away From Its Long-Term Moving Averages In 1979, And We Are Seeing The Same Type Of Action Today
By the end of Q2 2025, a Gold close at $3500 would be 45% above 10 quarter moving average and SMA, and by the end of Q3 1979, Gold closed 82% above 10 quarterly moving average.
KING WORLD NEWS NOTE: Gold Mirroring Same Pattern As Mid-1979, When Gold Surged To $278 (Shown Below) On Its Way To $850
By end of Q3 2025, a gold close at $4700 would be about 82% above the 10 quarterly moving average.
KING WORLD NEWS NOTE: A Gold Surge To $4,700 By The End Of September Would Further Mirror 1979
Dow/Gold Ratio
And today’s Dow/Gold ratio is looking very similar to the late 1970s.
KING WORLD NEWS NOTE: The Dow/Gold Ratio Has Plunged To 12/1, But Still A Long Way To Go To Hit 1/1 Target
$4,700 Price Target Is Only Part Of The Story
King World News note: The $4,700 price target would only take the price of gold to where it was trading at the end of Q3 1979. But gold hit $850 in the first quarter of 1980, so the ultimate price target for today’s gold bull is even higher if it mirrors the 1970s bull market. The world is facing a set of conditions that are much worse today so it is possible that gold will rise much higher than what was seen in the 1970s bull market. Also, silver remains the most undervalued hard asset on the planet. Continue to use weakness to accumulate physical silver.
One Of Greyerz’s Greatest Interviews Ever
To listen to one of Egon von Greyerz’s greatest and most important interviews ever CLICK HERE OR ON THE IMAGE BELOW.
JUST RELEASED!
To listen to Alasdair Macleod discuss the pullback in the gold market as well as the advance in the silver and much more CLICK HERE OR ON THE IMAGE BELOW.
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