5min chapter

Mining Stock Education cover image

Gold Breaks Out after a $2,100/oz Monthly Close says Pro Mining Investor David Erfle

Mining Stock Education

CHAPTER

The Seven-Year Cycle of Gold Stocks

Gold stocks have this seven-year cycle. They have major bottoms every seven years and we had that major bottom in September of last year, everybody sold into it. The gold price is forming a 12-year cup and handle pattern below $500. Once that cup and handle does break out on the long-term chart, the gold price will likely double within the next two and a half years.

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