from King World News
Now that the price of gold has bottomed, here is the case for $34,000 gold.
Gold To Skyrocket vs Monetary Base
April 1 (King World News) – Email from KWN reader Kevin W: This is a look at the cyclical bull run that ended in all-time weekly highs occurring in February 1975, with an ensuing 50% correction ending in August 1976. Then gold surged to new all-time highs in October 1978, with an ensuing swing low of minus 20% that ended in November 1978, renewing with new all-time highs in February 1979, and finally ending with the end of the secular bull peak in January 1980. Take a close look at what the monetary aggregates and interest rates were doing along with the price of gold. And take notice of the 8,132 tonnes of gold the US possessed vs the Monetary Base, M1, M2, and Total Federal Reserve Bank Credit.