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Gold Double Top Alert

The commodity gold is nearing a major double top just shy of $2,000/ounce. The level on the ETF GLD is $185.00. Look for the gold ETF to continue higher until it hits that level then pause/pullback. Ultimately, the pullback may be short lived as I have a price target for 2020 of over $2,000/ounce. Within 5 years, gold will be above $5,000/ounce. The money printing of the Federal Reserve and world governments are making gold much scarcer in currency terms. The price has no place to go but up as trillions are being printed daily.

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