Summary
Cathy Stacey walks through Akhil’s K-Wave commodity curve forecast for gold: early 2021 low expected, lower high in late 2021, more extensive low in 2022. As of Feb 15, gold is at 1,100 it’s “very bullish for remainder of 2020s.” The $1,500 level (50% retracement from Dec 2015 low to Aug 2020 high) is the first major watch level.
Key Claims
- K-Wave commodity curve forecasts: early 2021 low, lower high late 2021, more extensive low 2022. — confidence: medium
- If gold stays above $1,100, it’s “very bullish for remainder of 2020s.” — confidence: high
- The $1,500 level is the 50% retracement from December 2015 to August 2020. — confidence: high
- Akhil in January 2021: expects new gold lows in February or March 2021. — confidence: high