Gold Just touched 2000 and the target could be 2600-2800 in the next few months..!
Oil will benefit from geopolitical mentions, and will see prices that sound crazy today ..!
History shows, when commodities break their all-time highs, they will not stop easily..!
These are weekly charts..!
Welcome to the commodities supercycle..!
Commodity price supercycles are extended periods during which commodity prices are well above or below their long-run trend. They are expected to last much longer than business cycles, which, in Canada and the United States, have lasted six years on average in the post-war period.
Only Fools would short oil and gold, and those who are the foolest will pick and act based on those ideas..!
You can see the most important support(green line) and resistance (red line) levels.
Best,
Dr. Moshkelgosha M.D
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