Gold to New Highs in 2023?

I had been following the playbook of GC1! 2011/2012. I was expecting Gold to fall to its lustrum current around $1,480 (at the time).



And while it did fall another -7% from that tweet (-12% after breaking it's year current), what I didn't realize was that the liquidity profile was very different now. Basically the opposite.



It's important to remember that in a liquidity event, Gold falls hard and fast like everything else. But it generally bottoms halfway through the recession and rises pretty dramatically afterwards.



If it's following it's age-old pattern, that would suggest that we're halfway through a recession that started in January 2022 and might end around August 2023. That would see Gold double in price over the next two years. Interesting.