Gold, as most of you know, is one of the few assets whose ascent I consistently cheer. I’m very pleased to see GLD approaching levels never seen before.
![](https://slopeofhope.com/wp-content/uploads/2024/07/slopechart_GLD-1-640x345.jpg)
The longer-term /GC chart looks exceptional. No, gold isn’t cheap, but I could absolutely see this doubling.
![](https://slopeofhope.com/wp-content/uploads/2024/07/slopechart__GC-2-640x345.jpg)
A different view of this, gold divided by the US dollar index, also looks bullish.
![](https://slopeofhope.com/wp-content/uploads/2024/07/slopechart__GC_UUP-1-640x345.jpg)
Go, gold, go!