A perfect storm is brewing in the gold market

OilPrice.com/SafeHaven/3-3-2022

photo of gold bars and $100 bills

“I think we’re coming into a pretty major supercycle in precious metals. I think we started back in 2019 and this is about a five-year cycle for gold, and it has been a very tough year for equities, and we’ve had a very long bull market, I think things are getting a little long in the teeth in terms of the equities side. When the stock markets get to the late stages, this is where we see commodities come to life.” – Chris Vermeulen

USAGOLD note: Tech analyst Vermeulen remains among the most ardent gold bulls. He forecasts the price to be $2700 in 2022 and $7400 within five years.

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