Big fan of the GOLD cup and handle

Jul 17

I'm liking the cleanliness of the 2011 - 2024 cup and handle. I am going to be a little unconventional here by going with a % target rather than $ target, which means I'm looking for a nearly 100% increase from the top of the cup ($2050) which gives a target of around $4100. It could certainly go higher depending on geopolitical issues, global finance issue, global debt issues, etc. but I think that's a good rest stop for this particular pattern.

As for stops, gold is the only currency to have stood the test of time therefor we don't stop out on dips, we buy mor.