On December 31, 2001, gold owners celebrated a historic year.
It was on that day that gold closed out the year at a higher price than where it started. Its closing price was $276.80 per ounce.
Every year since then, gold has closed the year at a higher price than where it started. It’s the greatest, most consistent bull market anyone alive has ever seen.
It sure looks like the next major resistance for gold is at $1,750, followed by $1,800 and then $1,900. Is it just my imagination or are all of the key inflection points right on the “even numbers, including $1,550? Just wondering out loud, but this is a very interesting looking chart.
