Long Term Trend Channel Chart of Gold showing the first inflation wave resulting from the funding of the Vietnam debacle in the late '60s to early '70s. Squashed by Volcker raising rates to the moon. 2000-2011 Bull started by Greenspan flooding money in response to the Y2K scare and the US war in Afghan and then goosed by the GFC in 2008. I would suggest 2015-2019 was a Bear Market rally and not the beginning of a new Bull. This suggests the Covid-Bull swing started in Aug 2019 and finished in Sept 2020 at 1680.. Our current War Bull started with a Crisis whipsaw, a goose from War spending and is now staring into a possible GFC 2.0. This triple spike looks a lot like a Crown Top - however the FUBAR of world war, political corruption and fiscal & monetary incompetence makes me view this as the early stage of a massive 12 year Bull.