The price of gold has been moving steadily higher over the past year, making new all-time highs. It’s currently trading over $2500.
And we have been forecasting and discussing this for the past two years.
Today, we look at an important Gold price ratio — The Gold to US Dollar Ratio on a long-term “monthly” bar chart.
As you can see, the Gold/Dollar ratio is testing the 2011 high for the first time in history.
And using the inverse head and shoulders breakout as our guide, we can project a measured move to the 30+ level… IF gold continues to breakout above (1).
With political uncertainty and war abroad, Gold could continue to shine. Stay tuned.