$2,700 Gold Price ‘Could Be Reached in 1 to 2 Years’ at The Earliest – Chris Vermeulen
- Kitco NEWS
The last two gold bull cycles, culminating in peaks in 1980 and 2011, were both followed by a price correction and then a multi-year consolidating pattern. However, the highs of last year do not indicate a multi-year peak, as gold is still in a long-term bull trend, said Chris Vermeulen, chief market strategist of https://TheTechnicalTraders.com.
“We’re looking at roughly $2,700, give or take, up there to the upside, and based on the pattern that has unfolded, I would say it could be reached in the next one to two years, that would be probably the earliest,” Vermeulen told David Lin, anchor for Kitco News.
0:00 – Stock market cycles
12:52 – Gold price predictions