Gold Very Close To Another Major Breakout As We Head Into 2024
A GOLDEN YEAR: Last time this ratio had a mega breakout, the secular gold bull started.
December 29, 2023 – KING WORLD NEWS
As we come to the end of 2023, gold is now very close to another major upside breakout as head into 2024.
A Golden Year
Graddhy out of Sweden: Gold at all-time high quarterly close.
Gold Is Closing At An All-Time Quarterly High
Gold Close To Another Major Breakout
Graddhy out of Sweden: GOLD: The 14-year blue bullish falling wedge is close to breakout.
Last time this ratio had a mega breakout, the secular gold bull started.
Gold Very Close To Breaking Above .50 Dotted Line (Far Right Hand Side Of Chart). Above That Level Gold Is Off To The Races And Stocks (DOW, S&P & Nasdaq) Will Tumble
This breakout will confirm the start of the 2nd leg.
Above 0.50 means new high after breakout = we are go.
King World News note: The breakout above the .50 level will be extremely important because it will kickoff another major leg higher in the price of Gold vs the DOW, Nasdaq, and S&P. As the price of gold continues its surge higher, the stock market will most likely enter a severe bear market. Regardless, for those accumulating physical gold and silver, continue to stack, but it may be better to favor the more undervalued of the two at this point in time — silver.
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