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 & Stats1️⃣ 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 shocksoPolitical/economic turmoil (Vietnam, stagflation)•Correction:oNearly –45% drop (1974–1976)•Recovery:oTook years; massive rebounds afterward2️⃣ 1999–2012 Bull Market•Start/End: 1999 ($252) → 2012 ($1,920)•Total Gain: ~650%•Key Drivers:oCommodities supercycleoEmerging market demandoUS dollar weakness, financial crisis fears•Correction:o~–30% during 2008 crisis, but fast recovery•Recovery:oRebounded quickly after 2008, then peaked in 2011–123️⃣ 2016/2018–2027 (Current Cycle)•Start/End: 2016/2018 ($1,050–$1,200) → ongoing ($3,500+)•Key Drivers:oRecord central bank buyingoPersistent inflation & low real ratesoGeopolitical instability (Russia/Ukraine, China/US, etc.)•Correction:oOnly –20% drawdown in 2022; quick recoveryoBroke 13-year technical “cup-and-handle” base in 2024________________________________________📊 Current Bull Market Stats (2025) – At a GlanceMetric1968–80 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 20252.Year-to-Date Gain:o+29% YTD (2025); +30% in 20243.Central Bank Demand:o1,000 tonnes bought for 4th straight year; reserves near records4.Inflation Hedge:oStrong negative correlation with real yields; safe-haven demand up5.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 up8.Record Closes:oOver 40 daily record closes in 2025; price consolidating near highs9.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 MarketsFeature1968–801999–20122016/18–2027Total Gain2,330%650%200%+ (so far)Duration12 yrs13 yrs7–9 yrs (so far)Correction–45%–30%–20%Main BuyerRetailFundsCentral BanksPatternParabolicCyclicalCup & HandleKey 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