After previous bullish cycles in the gold market, which ended in 1980 and 2011, the gold price experienced a correction, and then a multi-year period of consolidation ensued. According to the expert, the maximum price of gold last year does not indicate a peak value, which means that the precious metal is still maintaining its upward trend.
The expert assumes that the price of gold may rise to $ 2,700 per troy ounce. The earliest this level should be reached within one year or even two years.
As for the stock market, the analyst predicts another upward spurt in the current cycle. He himself accumulates cash, as the market is now sending neutral and even mixed signals.