Gold’s price pattern from January, 2019 to 2021 mirrors that of gold in the same two-year period, starting from 2010; both time periods saw gold rise to a top in the third quarter and both times saw prices drop from its high in almost identical magnitude and timing.
Gary Wagner, editor of TheGoldForecast.com, said that this similarity should diverge and in time, gold will climb out of its current consolidating range.
0:00 – Gold now vs 2011
6:08 – Gold’s fundamentals
9:02 – Fed meeting this week
9:49 – Gold’s key levels
12:41 – Bitcoin
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31 Comments
So the bottom wasn't November
Sold all my gold and silver and went into BTC and ETH, best decision of my life, the gains are beyond insane!
The samurai swords indicate this guy is credible
So from what I'm gathering through all this analysis is that gold is expected to recover but only by a very little bit this year, maybe by just over 1 percent from its current value. Or am I missing something?
calm before the storm of gold going down…im giving up on gold
Let me guess..you have gold or Bitcoin you want to sell.
Is you bought silver 6 years ago you'd be out of pocket now, some shit investment, its purely a day trade metalwho in the right mind would pay 25%over spot to buy silver
Clearly none of these experts seem to understand gold and silver are manipulated full stop, these aren't investments, we've all been sold a lie, gold and silver prices belong not to supply and demand or price discovery they belong to the institutions who set the price to suit them
The graph is history.
i am done with those analysts like Chris Vermeulen he cost me lots of money FY
Every guest is bullish on precious and base metals ON KITCO METALS.
Great channel but PLEASE watch other channels too for a balanced view
What does eugenics vaccinations for a mutating flu have to do with the economy? You need some temperance fat bald guy
Is this oriental guy out of his mind???? He is a progressive & belongs on MSLSD
No, if you were paying attention and researching you would know America is soon to go back to the Gold Standard
When is stimulus going to get passed? what date?
Phase A and Phase B of reaccmulation and distribution would look the same, its the phases C and D that shows the real direction. Learnt that from Wyckoff's work.
Why dont you worry instead about producing a product, then youll be sure your gold will go up
The difference between 2011 and now is the GDP ration to national debt. Huge. The system will fail, and will destroy the wealth of average Americas. They are delaying that failing by dumping football fields of currency into the monetary supply.
+10 credibility points for the samurai sword display in the background.
This time it's not going to matter how far down they push the paper gold and silver market down, the physical holders of these metals are not going to sale. If they push it down to far it will only shut the miners down cutting more production. The switch from fossil fuels to renewable energies will need a lot of physical silver.
Sorry kitco cannot mix Mario coins with cryptp
👎 Using TA to "analyze" a rigged market. 😄😲😲😄! What a joke.
This pattern isn't that much like the 2011 top actually.
Also, he never spotted that the local top in 2016 was similar to the 2011 top. It just looks like one typical topping pattern out of several. It looks like it's in a strung out correction because of the usual overbought hysteria among the promoters late last year. Same old story.
I had noticed that the 2011 top was quite similar to the 1980 top. We didnt hear much mention of that at the time.
This is the guy who said the bull market was restarting after the $1180 low at the end of June in 2013. It didn't.
I can't wait to carry stacks of heavy gold everywhere in the future when making big purchases
Ha Ha The only similarity is they are both lines! : "A Fool and his money are soon parted!"
Politicians are the ones to blame for this negative economy impact and not the virus. This is only about transfer of wealth and power grab. Nothing to do with care for your health. Pushing more people into poverty and destroying middle class. Creating bigger dependence on the state.
Herd immunity is much more than a few months away, try 12-15 months at least
The only item America products is inflated money and more in the future. The DREAM is OVER!