The 3 best historical comparisons for gold
Today we draw some comparisons between the Gold market at present and the Gold market at various points in the past.Gold is on the cusp of a major breakout today, although it does not appear imminent.
The mid-1960s are also a reasonable comparison from a macro standpoint due to the breakout of inflation after being dormant for many years, very low expected returns in stocks and bonds, and the approaching secular bull market in US stocks. This leads me to the second historical comparison: 1968 to 1972. This period is the best comparison to today from a macroeconomic and precious metals correction standpoint.
Silver has grinded higher but well below the previous peak, while Gold failed to breakout but should consolidate bullishly.
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