Gold Bull Market Entering New Phase Bmg Adam rozencwajg of goehring & rozencwajg (g&r), a commodities investment firm, said, “we think that gold has entered into a new phase of this bull market.” g&r believes it’s time to step in, mostly due to gold demand being driven by central bank bullion purchases, which hit records in 2022 and the first quarter of 2023. Rozencwajg says the new bull market phase began in the third and fourth quarters of 2022, “and it really revolves around central banks’ behavior as much as anything else. i think it’s going to propel gold much much higher in this leg of the bull market.”.
Gold Bull Market Entering New Phase Gold Eagle One analyst believes it’s only a matter of time before gold surpasses double digits on its way to $12,000 15,000 an ounce. in a recent interview, adam rozencwajg of goehring & rozencwajg (g&r), the wall street commodities investment firm, said “we think that gold has entered into a new phase of this bull market.”. Rozencwajg says the new bull market phase began in the third and fourth quarters of 2022, “and it really revolves around central banks’ behavior as much as anything else. i think it’s going to propel gold much much higher in this leg of the bull market.”. We are still in the early days of the gold bull market, according to those at goehring & rozencwajg. gold price could hit $12,000 $15,000 long term as it enters new bull phase, says analyst. New multi year gold bull market has begun. let us first define what has recently happened to the gold price. from a technical perspective, as you can see in the chart below, the price of gold has broken out from a multi year consolidation phase. if we may use history as our guide, we are now entering a multi year bull market.
Gold Bull Market Bullionbuzz Chart Of The Week Bmg We are still in the early days of the gold bull market, according to those at goehring & rozencwajg. gold price could hit $12,000 $15,000 long term as it enters new bull phase, says analyst. New multi year gold bull market has begun. let us first define what has recently happened to the gold price. from a technical perspective, as you can see in the chart below, the price of gold has broken out from a multi year consolidation phase. if we may use history as our guide, we are now entering a multi year bull market. When it is falling, stocks outperform gold. gold bottomed out versus stocks in 2021, and the price should outperform significantly into 2031. gold soared to $2,080 during covid and has been consolidating for over two years. we may not see a decisive breakout until july. the real bull market in gold will start when it breaks decisively above $2,100. Currently, gold is worth 3%, which goes to show there is ample upside for gold in this bull run. let’s also have a look at the value of the monetary gold supporting the us dollar broad money supply.
Gold Bull Market Entering New Phase Gold Eagle When it is falling, stocks outperform gold. gold bottomed out versus stocks in 2021, and the price should outperform significantly into 2031. gold soared to $2,080 during covid and has been consolidating for over two years. we may not see a decisive breakout until july. the real bull market in gold will start when it breaks decisively above $2,100. Currently, gold is worth 3%, which goes to show there is ample upside for gold in this bull run. let’s also have a look at the value of the monetary gold supporting the us dollar broad money supply.
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