look at that first chart. doesn't that look like a very big inverted H&S ? head happened in 1999-2002.
right head is the last 7 years or so.
will we break up or will we break down?
if we break to the upside, we should top out somewhere around 3 to 4 grand. maybe by 2025...
Where I am sitting, we could hit 3 or 4 grand in 2020.
It's interesting that the author of your article uses the chart to predict a decade long bear market (based on time) and you look at it and see the possibility if a huge spike up in 5-6 years.
you never know if a technical pattern will break up, or break down.
based on the 30 yr cycle, gold should not be going to new highs any time soon.
but based on the 100 yr cycle, (which could possibly come 10 yrs early or 10 yrs late), gold should jump somewhere around the year 2030 as the world goes into a depression. this depression could come as early as the 2020s, or as late as 2040. and it should be worse than the housing crash this last decade.