The larger the consolidation the bigger the bull move will be once a breakout occurs. Considering gold’s 29 year consolidation phase I don’t think it’s unreasonable to expect gold to go to a minimum of $10,000 before this bull is done.

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Gary Savage
The Smart Money Tracker

Gary Savage authors the Smart Money Tracker and daily financial newsletter tracking the stock & commodity markets with special emphasis on the precious metals market.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors

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