I posted this chart last Summer...
I also posted this...
along with this...
All of which led me to speculate with this chart...
I believe all of these charts are still relevant, and I’ve just taken another ‘big picture’ look at where we’re heading. This is what I'm seeing...
The numbers do look far-fetched at this point. I’m less confident about specific numbers/targets than the fact that we are going to see large/very large gains in the next 7 or 8 years. We’re short term overbought on many of the indicators right now and a healthy pullback can be expected sometime in the next few days. Long term chartology seems very clear to me though, and unless important support lines fail, I have no reason to doubt the thesis that we have a very large cyclical bull ahead of us, peaking sometime in the 2025-2026 timeframe.
This is a very complex market and it is very difficult to predict what prices will be on metals in such a distant future
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I agree - the exact price is almost impossible to predict, but a new all time high between 2019 and 2026 is a certainty.
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