Perspective on Today’s Gold Market
Now that the tax loss season is nearly over, it’s time took take another look at the gold market. I have previously pointed out that sentiment towards precious metals is at a record low level historically. Consequently, we are at a time to look at other types of analysis to see if we can find good possible investment candidates.
This chart was recently sent to me by a good friend. Do you see what I see?
W.D. Gann in his courses clearly states that human nature does not change, neither does its pattern. Gold, since the start of this century, seems to be following very closely to the pattern formed 50 years before. It looks like the next three years could be very good for gold holders as long as this continues. While we are dealing with Gann analysis, information provided by Gann Global Financial is informative. It appears that both the Gann 60 and 90-year cycles had significant bottoms on March 16, 2020. If these cycles hold true, the 90-year cycle is due to experience a significant acceleration starting in June, and the 60-year cycle in August.
W.D. Gann in his courses clearly states that human nature does not change, neither does its pattern. Gold, since the start of this century, seems to be following very closely to the pattern formed 50 years before. It looks like the next three years could be very good for gold holders as long as this continues. While we are dealing with Gann analysis, information provided by Gann Global Financial is informative. It appears that both the Gann 60 and 90-year cycles had significant bottoms on March 16, 2020. If these cycles hold true, the 90-year cycle is due to experience a significant acceleration starting in June, and the 60-year cycle in August.
George Lyttle
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Website: https://investment-teachings.com Email:lyttleg@rogers.com