Some “eye candy” for gold market bulls
(Kitco News) - It’s a Monday, U.S. equities are down more than 2% so we’re all busy, so let’s get right to the point and make this short and sweet—as in candy sweet for the gold market bulls. See on the monthly continuation chart for nearby Comex gold futures that prices are in an accelerating price uptrend and today hit a seven-year high. The next upside price objective is the all-time high of $1,920.70, scored in the fall of 2011. The trajectory of the accelerating price trend suggests the new all-time high in gold should be hit in the summer of 2021. Stay tuned!