Our long-term indicator measures speculative investment demand for precious metals. The breakout in gold above $1400 in June 2019, signaled the onset of a new bull market. At Gold Predict, we are anticipating a speculative mania in precious metals as the global debt super-cycle unwinds after 2020. Investors will want to consider selling their long-term core position when the score exceeds 45. For a detailed description of each phase, click here.