Slope of Hope Blog Posts

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The Golden Volcano

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Did you feel that?  The earth is rumbling.  I can feel it beneath my feet.  Over the past couple weeks, gold saw a significant breakout. 

After consolidating a base for the past six years, gold’s breakout has a measured move target of $1,683.  There is a large volume by price gap between here and there, so we could get there rapidly.

Looking at the long term twenty year chart, we can notice a couple takeaways.  First, the bull market in gold at the beginning of the century lasted from 2001-2011.  The bear market in gold lasted from 2011-2015.  I would suggest with this month’s breakout, we have begun a new bull market in gold that will run from 2016-?