Loading ...I guess I misunderstood the post. It sounded like a recent new long term bullish call. Not a short term trading call. In my view the old major long term bear market in gold (1980 to 2001) ended, and we are in a major long term bull market ever since 2001.
The AU correction low in Dec 2015 was $1,054. The late 2011 high near $1900 was imo an over shoot too far above the up-trend line, and the 4 year decline was an over shoot below the down-trend correction line, within a long term bull mkt.
Scroll down: