Gold Price Forecast: All-Time High Breakout Underway

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Gold has just broken out to a new all-time high, eclipsing the former peak of $1,920 set on September 6, 2011. As this article is going to press, gold is trading at $1,983 in the worldwide spot market.

This is a huge moment for gold. All-time highs do not occur every day, nor every year, nor even every decade for the historic store of wealth.

gold price going up

What now? Will gold make a second long-term peak as it did in 2011 and enter another multi-year decline? Or is there a sustainable bull market ahead?

In this article, we will examine the historical precedents for gold as it has broken former all-time highs, and then calculate realistic expectations for the price of gold over the next year based on an observable price pattern

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Silver Price Forecast: Blast-Off or One Final Drop?

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For the year, gold is up $213 or 14% to close at $1,737 per ounce as this article is going to press.

What about the “other” precious metal – gold’s cousin – silver?

For the year, silver is down $0.27 cents or 1.5% to $17.65.

A disappointing performance, no doubt.

Is the pain soon to end for silver investors? Will this be the time that silver finally follows gold and heads higher? Or is more languishing ahead?

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