Technical analysis by ProjectSyndicate about Symbol PAXG: Buy recommendation (6/29/2025)

Gold Bull Markets: Long-Term Overview & Current Market Update (2024–2025) ________________________________________ 🏆 Historic Gold Bull Markets: Timeline & Stats 1️⃣ 1968–1980 “Super Bull” •Start/End: 1968 ($35) → 1980 ($850) •Total Gain: ~2,330% •Key Drivers: oEnd of the gold standard (Bretton Woods collapse) oDouble-digit inflation, oil shocks oPolitical/economic turmoil (Vietnam, stagflation) •Correction: oNearly –45% drop (1974–1976) •Recovery: oTook years; massive rebounds afterward 2️⃣ 1999–2012 Bull Market •Start/End: 1999 ($252) → 2012 ($1,920) •Total Gain: ~650% •Key Drivers: oCommodities supercycle oEmerging market demand oUS dollar weakness, financial crisis fears •Correction: o~–30% during 2008 crisis, but fast recovery •Recovery: oRebounded quickly after 2008, then peaked in 2011–12 3️⃣ 2016/2018–2027 (Current Cycle) •Start/End: 2016/2018 ($1,050–$1,200) → ongoing ($3,500+) •Key Drivers: oRecord central bank buying oPersistent inflation & low real rates oGeopolitical instability (Russia/Ukraine, China/US, etc.) •Correction: oOnly –20% drawdown in 2022; quick recovery oBroke 13-year technical “cup-and-handle” base in 2024 ________________________________________ 📊 Current Bull Market Stats (2025) – At a Glance Metric1968–80 Super Bull1999–2012 Bull2018–2025 Current Bull 🚀 Total Gain~2,330%~650%~200% so far ⏲️ Duration12 years13 years7–9 years so far 💔 Max Drawdown–45% (1974–76)–30% (2008)–20% (2022) 🏦 Central Bank RoleModerateEmergingDominant 📉 Correction RecoveryYears4 yearsMonths 🏛️ Technical PatternSecular breakoutMultiple peaks13-yr base breakout ________________________________________ 📈 Top 10 Stats of the Current Gold Bull Market (2025): 1.Gold Price: o~$3,338–$3,364/oz; ATH > $3,500 in April 2025 2.Year-to-Date Gain: o+29% YTD (2025); +30% in 2024 3.Central Bank Demand: o1,000 tonnes bought for 4th straight year; reserves near records 4.Inflation Hedge: oStrong negative correlation with real yields; safe-haven demand up 5.Gold vs S&P 500: oGold +27% YTD; S&P 500 up only ~2% 6.Jewelry Demand: oDown –9% in 2024, projected –16% in 2025 (high prices suppress demand) 7.Gold-Silver Ratio: oNow ~94 (down from 105); silver catching up 8.Record Closes: oOver 40 daily record closes in 2025; price consolidating near highs 9.Technical Breakout: o13-year “cup-and-handle” breakout (March 2024) 10.2025 Forecasts: •Range: $3,600–$4,000 by Q2 2026; some see $4,500+ if risks persist ________________________________________ 🔄 How This Bull Market Stands Out •Dominance of Central Banks: Central banks are setting the pace—record demand, making gold a reserve anchor again. •Faster Recovery: Corrections are less severe, recoveries are quick (months, not years). •Synchronized Rally with Equities: Rare for gold and stocks to hit highs together—shows systemic confidence in gold. •Technical Breakout: 13-year base break signals powerful, long-term momentum. •Future Outlook: Targets as high as $7,500/oz (650% from cycle lows) possible by 2026/27, if historical analogs play out. ________________________________________ ⭐️ Recommended Strategy (2025 and Beyond) •BUY/HOLD/ACCUMULATE on Dips: Favor physical gold, gold ETFs (GLD), and miners (GDX). •Physical Over Paper: Preference for allocated, physical bullion amid rising counterparty risks. •Diversify with Miners/Silver: Gold-silver ratio suggests silver may offer leverage; quality miners benefit in the latter stage of bull runs. •Long-Term Perspective: Anticipate volatility, but higher highs are likely if macro themes persist. ________________________________________ 🧭 Summary Table: Historic vs Current Bull Markets Feature1968–801999–20122016/18–2027 Total Gain2,330%650%200%+ (so far) Duration12 yrs13 yrs7–9 yrs (so far) Correction–45%–30%–20% Main BuyerRetailFundsCentral Banks PatternParabolicCyclicalCup & Handle Key RisksInflationUSD/creditInflation, war, geopolitics ________________________________________ Key Takeaways •Gold’s current bull market is distinguished by relentless central bank demand, robust technical momentum, and swift recoveries from corrections. •The macro backdrop—persistent inflation, global uncertainty, and sovereign de-dollarization—supports an extended cycle. •Expectations for $4,000+ gold in the next 12–24 months are widely held, with even higher targets in a true global crisis.GOLD H4 Accumulation Fractal Target is 4 000 USDGold Market Update: Bulls Will target 3750 USD after 3500 USDIntraday Gold Trading System with Neural Networks: Step-by-StepAutomate Gold Trading with Machine Learning and LLMS: FULL Guide10 Small-Cap Biotechs with Key Catalysts for 2025 July ListGold Market Update: Stuck in summer time range / SeasonalityGold Market Update: Stuck in summer time range / SeasonalityAAAPL: Updated Outlook and Best Level to BUY/HOLD 70% gains