Gold has been consolidating in a healthy pattern after reaching new highs, and this pause may continue for another month or two.
The article identifies gold’s current move as the third major breakout in its history, following the 1972 breakout from a 100-year base and the 2005 breakout above $500.
Based on historical patterns, gold could reach $4,800-$5,300 per ounce within 12-16 months, with silver potentially hitting $50. However, a 17-20% correction is likely needed along the way to fuel the next major advance.