About this video
- Video Title: Gold Breaks $3600!
- Channel: Benjamin Cowen
- Speakers: Benjamin Cowen
- Duration: 00:09:19
Overview
This video discusses the recent surge in gold prices, surpassing the $3600 mark. The speaker, Benjamin Cowen, analyzes gold's performance, comparing it to its past trends and other assets like Bitcoin. He shares his perspective on the ongoing gold bull market, potential corrections, and the role of silver in indicating future movements for gold.
Key takeaways
- Gold surpasses $3600: The price of gold has broken through the $3600 level, continuing its upward trend.
- Long-term bullish outlook for gold: The speaker has been bullish on gold since 2019, and despite other assets performing better, gold continues to show strength.
- Projected correction in 2026: While expecting gold to remain strong through the end of the year, the speaker anticipates a mild correction in 2026, not a significant crash.
- Silver as a leading indicator: The pullback in gold is expected to occur after silver reaches new all-time highs, similar to how Ethereum's new highs preceded a pullback.
- Silver's potential rally: Silver appears poised to rally to new all-time highs, potentially breaking $50 in the coming months.
- Historical context of gold cycles: Gold's bull market cycles can be long, lasting a significant portion of a decade, as seen from 1999 to 2011.
- Consolidation and further rallies: The speaker anticipates a pattern of rallies, consolidations, and further upward movements for gold, with a potential final phase of the bull market in the latter half of the decade.
