Written by Dave Skarica, Dollarcollapse.com’s Gold Prodigy:
This week we saw an important event, this being the long-awaited breakout in gold. Since 2000 and the summer after covid, Gold has climbed to roughly $2100 an ounce no less than 4 times and been to that level in the past 4 years. There is a saying in technical terms that the “longer the base the more the space”. With a near 4-year base under the $2100 resistance now broken I expect a very large breakout in gold.
In the chart enclosed I show the breakout. The last breakout in 2019 when Gold broke $1400 it went up another 50 percent to 2100. If we were to see a similar move this time we could see a Gold breakout to over $3000.
