How Much Longer Will the Current Gold Bull Last?

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If that is the case and gold is simply going to replicate the last bull, adjusted for inflation, then gold will peak within a few months. On the contrary, I believe that there is much more left in this gold bull than that.

...A commonly known figure amongst gold bugs is just over $2000, which is the figure you get when you adjust the 1980 high for inflation and represent it in terms of today's rapidly devaluing US Dollar. If this is to be the high for gold in the current bull then this would suggest that we have at least another $1000-$1500 rise in gold prices to come.

In other words, from the low at $250 to $2000 we are currently at $650/oz, about 37% of the way through this gold bull market. In the last bull, 37% would put gold at $336.55 in late 1979 on its way to $850 in 1980. This would put gold at the beginning of stage three in the bull market, where prices are about to skyrocket. If this is the case then we only have a few months left in which gold will just about triple!

However, I think that this is one of the less likely scenarios, but you do hear many analysts saying when asked how high they think gold can go, "Well inflation adjusted $850 gives you over $2000". If that is the case and gold is simply going to replicate the last bull, adjusted for inflation, then gold will peak within a few months. On the contrary, I believe that there is much more left in this gold bull than that.

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