RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Background of the $2.2 Billion ALL CASH deal - Osisko Mining What's happening with the price of gold is best viewed as a repeating cycle pattern. Every Gold Super Cycle can be accurately measured in time period, and in % price moves. Every previous Gold Super Cycle over the past 100+ years, has lasted approx. 10yrs. i.e. The previous (or most recent) Gold Super Cycle started in 2001 (technical low) and lasted until Aug. of 2011 (technical high). From Aug. 2011 (Gold hit a high of $1,923.70) from that period, it went into a Bear market cycle until Dec. 2015 (hitting a low of $1,056.00. A new Gold Super Cycle started in Jan. 2016 (but was not self-evident until the technical "Head & Shoulders" techncial pattern was finally presented in early 2020. Techcncially, this current Gold Super Cycle should run until 2025. But, due to COVID (and the Central Banks printing of trillions, and the global debt, etc,) some 'smart-money' claim that with pending inflation that could last well into 2030 will fuel Gold to experience an extended (or prolong Super Cycle) where Gold based on the previous % measured price move might go at least $8,500 (and some are even projecting $15,000 and $25,000 Gold price).
I should add; once Gold reaches the high within this Super Cycle ($8,500, or $15,000 or $25,000 per ounce), it will retrace by at least 50% as it has in every other (previous) Bear market (over the preceding 4 to 6 yr period.)
Take a look at the gold price chart from 1966 to today. Each bar on the chart represents a 3 month period.
I hope this helps put everything into perspective.
JoJoHairBlo wrote: I've aslso read in an article that it might fall to $2200 level before climbing back up to ATH.