Gold Price Prediction for 2022

1.5.22 - Money Has Never Felt More Fake

Gold last traded at $1,824 an ounce. Silver at $23.13 an ounce.

NEWS SUMMARY: Precious metal prices rose Wednesday on safe-haven buying and a weaker dollar. U.S. stocks traded flat as investors looked for clues on where the economy stands heading into the new year.

Yahoo Finance--"As a technician, I’m always looking for historical price patterns to help forecast future moves. In gold, I see overwhelming similarities between now and the 18-month consolidation between 2004 and 2005. This pattern, if it holds, supports a convincing breakout in 2022 and a rally towards $3000 by year-end.

Gold is in a similar setup to 2005. The post-breakout consolidation that started in August 2020 is almost over. Expect renewed bullishness beginning in Q2 2022 that should last into year-end. Our most bullish case suggests gold could challenge the $3000 level.

I believe we are finalizing the ending triangle consolidation now, and a decisive breakout should follow in the second quarter of 2022, possibly as soon as February or March.

We expect much better performance from gold in 2022, with the potential for a 60% advance from current levels. Gold miners could outperform to the upside and may double from current levels. Our Basic Metals Portfolio is overweight and will continue to add high-quality assets in 2022."