Gold’s Long Game. How Early Signals Became Today’s Reality

By:

 Eric Sepanek

Eric Sepanek

SBC Founder

Eric Sepanek is the founder of Scottsdale Bullion & Coin, established in 2011. With extensive experience in the precious metals industry, he is dedicated to educating Americans on the wealth preservation power of gold and silver.

See full bio

The Gold Spot

November 28, 2025

Published

The Gold Spot

Enter your name, number and email, and click “Get Free Guide”

"*" indicates required fields

First Name:*

Last Name:*

Email:*

Phone:*

Δ

*Valid information is required to receive this FREE Investment Guide. By requesting this guide you agree to be contacted by us via email or phone & to be added to our newsletter/email offers. You can unsubscribe at any time. We will NEVER sell your information. Please call 1 (888) 812-9892 as an alternative method to receive your free guide or if you have questions. Investment guides are sent out after verification via phone & during normal business hours. See our Privacy Policy for more information or contact us at: 1 (888) 812-9892.

Gold’s unprecedented rally past multiple record highs did not happen in a vacuum. For the past five years, the Scottsdale Bullion & Coin team has been tracking early technical signals, identifying macroeconomic shifts, and calling breakout levels well before they hit the mainstream financial news.

The Gold Spot has helped investors keep their financial fingers on the pulse of the precious metals market and broader economic trends, enabling them to make informed, wealth-preserving decisions in key moments.

As we approach the final stretch of another year, we are looking back at some of the biggest predictions made on the show and how they unfolded in real time, to highlight the major forces shaping today’s gold and silver markets.

Early Breakouts That Set the Stage

One of the earliest pivotal moments of gold’s momentous rise came in March, when the first stimulus announcement of that cycle triggered a sharp rise in gold prices. From that date alone, gold climbed 8% and quickly approached the critical $1,800/oz level, a major resistance point at the time.

Soon after, gold broke an all-time closing high of over $1,800/oz. That move signaled deeper strength beneath the surface. As we noted on the show, consistently closing above that threshold opened the door to significantly higher levels and set the stage for a major, multi-year breakout.

Learn How to Avoid Costly Rookie Mistakes & Invest in Gold Like a Pro!

Get Free Gold Investor Guide

Or Learn More

Gold’s 1970-Style Breakout

As gold’s rapid upward movement and unwavering surge past all-time highs continued, many experts began drawing historical comparisons. Around that time, gold’s breakout was reminiscent of the boom in the 1970s, when the economy was reeling from stagflation. Between 1970 and 1980, the Federal Reserve raised interest rates aggressively from around 7% to a mind-boggling 20% to curb runaway inflation. In response, the yellow precious metal climbed from roughly $30/oz to more than $800/oz, marking one of the most dramatic multi-year advances the market had ever seen.

We explained early on that similar dynamics were beginning to reappear, including persistent inflation pressures, rising debt levels, currency instability, geopolitical shocks, and a renewed global appetite for tangible stores of value. Investors, central banks, and governments worldwide began positioning themselves for a more volatile monetary environment. These parallels were the tailwinds driving modern-day gold prices to historic highs.

Silver’s Massive 50 Year Technical Formation

Chart image source: silverprice.org

While gold has dominated headlines, silver has been quietly forming one of the most powerful chart patterns in modern precious metals history. Silver’s price action recently completed a cup-and-handle formation five decades in the making, with a base around $5/oz and resistance at the long-standing $50/oz ceiling.

“This cup and handle…is a 50-year formation…that I’ve never seen anything like before. It’s very, very powerful. $100 an ounce is very real, and it could happen as soon as March of next year. So we’re not that far away.”

Tim Murphy

Precious Metals Advisor

Beyond a bullish technical pattern, the silver market itself is set up for a silver squeeze as a multi-factor collision of persistent supply shortages, booming industrial and investment demand, and structural vulnerabilities push prices higher.

Perhaps the most explosive variable is the forced short covering from large whales who have been keeping silver prices suppressed. If demand spikes and prices rise, these players may be forced to cover their short positions, which would push prices even higher.

The last time silver approached these levels was more than a decade ago. Today, the structural setup is stronger and broader than at any point in recent history.

2024 and 2025: The Breakout Years

If the last few years laid the foundation, 2024 and 2025 were the breakthrough. Gold pushed toward $2,800/oz and came within striking distance of new all-time highs. After a brief post-election pullback, the yellow metal surged back toward the upper end of its long-term channel.

Analysts across the financial world began revising their targets upward, especially as gold blew through $3,000/oz. Several projections were hit far earlier than expected. Some of the fastest moves came after brief periods of consolidation, affirming the strength of the uptrend.

Meanwhile, macroeconomic forces continued to intensify. Global central banks accelerated their accumulation of physical gold. Geopolitical tensions created renewed demand for safe-haven assets. De-dollarization concerns drove many countries toward tangible reserves.

Recently, gold claimed the psychological all-time high of $4,000/oz, before quickly tacking on an additional 10% post-record gain. Prices have cooled slightly since, but $4,000/oz appears to be laying the new floor for future growth.

Where’s Gold Headed Next?

Today, the gold price forecasts are as extensive and aggressive as we’ve ever seen. There’s a growing call for $5,000/oz gold, with some experts claiming the all-time high as early as 2026 and others putting it within the next few years. Instead of foundational concerns about the direction of the yellow metal’s performance, the real question is becoming how high prices can go in the gold supercycle.

Silver’s potential trajectory is equally striking. With the cup-and-handle breakout already confirmed, several analysts anticipate a move to $60/oz, $70/oz, $100/oz, and even $300/oz, all on the table depending on how supply and demand pressures play out.

Five Years of Calls. What We Have Learned

Through these breakout cycles, technical patterns, and macroeconomic shifts, one theme has held true: preparedness matters.

“Two things happen as you watch that chronology. One is that we are getting a little bit older. Two is that we are pretty accurate when it comes to our predictions, and we are also conservative when we make those predictions.”

Eric Sepanek

SBC Founder

We’ve always been dedicated to helping investors understand not just where the market is, but where the momentum is pointing. The goal has been to help investors preserve their wealth regardless of economic conditions. The past five years have shown that early signals matter and that tangible assets often respond far earlier than the broader financial media recognizes.