Quote from: CookieFactory on Today at 07:47:07 PM

Very interesting outlook on gold. Curious if you have a corresponding fundamentals thesis or is this strictly based on wave counts? Thanks.

Gold is strongly influenced by monetary policy...

1970-1980: USA abandoned gold standard, great inflation of the 1970s driven by a large increase in money supply, the first real gold secular bull market of the 20th century.
1980-2000: Period of increasing interest rates, decrease in money supply, equities bull market, gold secular bear market.
2000-2022: Dotcom Crash, 9/11, Great Financial Crises, COVID-19. Period of decreasing interest rates and QE, increase in money supply, equities bear market, gold secular bull market.
2022-20XX: Period of increasing interest rates and QT, decrease in money supply, equities bull market, gold secular bear market.

Elliott Wave...

1980-2000: 'Zigzag' structure bear market
2022-20XX: 'Flat' structure bear market