GLD Gann Angle has been working since 2016. Higher prices are expected. Who would say anything different, and why and how?
The GLD very wide channel shows us the way.
- Conservative: Tag the 10 year rally starting in 2001 to 2019 and it forecasts $750 GLD (or $7500 USD Gold Futures) in 10 years.
- Aggressive: Tag the 5 year rally starting in 1976 to 2019 and it forecasts $750 GLD (or $7500 USD Gold Futures) in 5 years.
GLD cycle.
Jim Sinclair talks a gold target of $87,000 USD. This makes our target of $7,500 USD look silly.
The next 6 months should be very interesting.
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