According to Google Trends data, the phrase "how to buy gold" has reached record levels in the U.S. (even higher than when gold prices reached all-time highs in 2020).
Gold continues to tease with the former high of $2,089. Just as it appeared poised to breakout it pulled back on Friday following the job numbers. Will we fail, or break out?
Many are still on the sidelines, but it is not too late ... at all ... there is a lot of potential in the next 2-3 years when we enter into the bubble phase in gold. It may take 5-6 years to develop or it may happen quickly, 1.5-2 years:
Gold is looking good, but I hate the pattern -- higher high and lower high. No trend after a strong $100 rise, daily price action over the Bollinger band. So caution short-term...
