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Best Historical Comparison for Gold

06/01/2023

Less than a minute

2023.06.01 04:10

Jordan Roy-Byrne, CMT

The best historical comparison for and precious metals is not the 1970s or 2008. It is the mid-1960s, during which gold stocks (the proxy for gold) broke out from a long base. Had Gold been a free market, it likely would have broken out from a 1948 or 1951 peak in the mid-1960s.