…3 fresh ath’s set on the canuck side. Daily high and close, as well as a weekly close.
Daily: 1) Oct 30 - (H) 3885.10 vs. today’s (H) 3893.92 2) Oct 30 - (C) 3875.44 vs. today’s (C) 3879.96
Weekly: 3) Oct 25 - (C) 3818.01 vs. today’s (C) 3879.96
As mentioned previously, this trajectory is headed for 5500/oz by year’s end. I’m still curious as to why gold in USD is ~100/oz away from its chart ath while in CAD it’s breaking into new ath’s…🤔
…incredible that gold is only $50 away from ath on the canuck side while ~130 off the chart ath on the yankee side. If factoring in conversion, it makes even less sense.
…I say chart ath bc true ath is much higher and upwards to ~3600USD based on inflation-adjusted highs set in early 1980.
…that said, Canadian gold will hit closer to 55500/OZ by the time American gold reaches and surpasses a new real ath.
…anyone familiar with the “Benner Cycle” understands that the markets will remain bullish into 2026 and possibly into ‘27. We still haven’t seen the “euphoria” (final wave in a bull run) so this year will likely be full of ups and downs with tree-shakes and fomo-ing and several black swan events.