Wednesday 13 December 2017 ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares


Gold

2018 Likely to Set Off Large Gold Rally

By Tom Winnifrith | Sunday 3 December 2017


 


Technical Analyst Jordan Roy-Byrne's latest research unearths some interesting similarities with gold stocks compared to historical three-year bear markets. He found three that compare well; they are the S&P 500 during the great depression, the housing market during the global financial crisis, and Thailand in the mid-1990’s which had a huge bust. He describes how all of the recoveries afterward seem to follow a specific pattern and he sees that behavior in gold stocks. Those patterns ended after 14-24 months with prices moving upwards by 133% to 200%.


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