Pie-in-the-sky gold predictions are a dime a dozen at this time of year – calls for gold to hit $3,000… $6,500… $10,000 or even more.
Granted, most of these targets require at least the partial collapse of human civilization to work, although I have seen one or two loosely rooted in esoteric concepts like "economics," "monetary policy," and "central banking."
Now… I'd be the first one to line up and sell an ounce of my gold holdings for $10,000 (provided the apocalypse hasn't happened), but we can't very well dream our way into profits; we've got to be realistic.
Here in the real world, gold is pushing against some stiffening headwinds, although you'll see they're hardly insurmountable.
After all, we've reaped tidy gold gains of 11% this year. I've got some great, historical charts you need to see that will prove my forecast is honest.
Because, as it turns out, the yellow metal's future looks great from here…
Why You've Got to Look at the Great Secular Gold Bulls
When I was asked to put together my forecast for gold prices in 2018, the charts reminded me of gold's previous secular bull performance.
In my view, the gold bull market started back in April 2001, when gold hit a multi-decade low near $260.
10 years later, gold hit a peak price of $1,900.
Then it entered a multi-year correction/consolidation phase, which eventually brought us to where we are today.
The naysayers will tell you that gold is finished; kaput. Gold bears believe we've seen the peak, and it's only downwards from there.
About the Author
Peter Krauth is the Resource Specialist for Money Map Press and has contributed some of the most popular and highly regarded investing articles on Money Morning. Peter is headquartered in resource-rich Canada, but he travels around the world to dig up the very best profit opportunity, whether it's in gold, silver, oil, coal, or even potash.