ILLYA GERASYMCHUK: "There are 60M millionaires and only 281M kg of gold. Do the math"

in a 6 months timeline, gold's current price dip is a buying opportunity

gold moves up by ≈13% on breakouts, thus ≈$4000/oz gold in November 2025

this means that the current move would bring the gold price up to ≈$3978, which should happen at the start of November, around November 4th 2025

so far, gold has completed ≈6% of the current move - which means there's another ≈7% to move up from the current gold price of ≈$3715

this makes ≈$4000 the top of the next consolidation range. once that price is approached - expect a larger pullback, and potentially a longer consolidation phase, which could last ≈90 days. this means that after the top of the current move is hit (≈$4000) you may have to wait for another ≈3 months before a new all time high

it's important to note that the top of the target range is close to $4000, so gold may not cross $4K before the aforementioned pullback. this means that it may take gold another 4 months before gold firmly sits over $4000/oz

≈$3515 is a great price area to long gold during the pullback

you'll need to adjust the exact price to your ticker/derivative, but in the chart you can see how to find the relevant support (assuming your asset mirrors gold spot/futures)

and remember the strong support below

that 1 hour candle on gold 😂😂

and a new all time high within all that move

to clarify: European Central Bank didn't increase its gold holdings, but the gold that ECB already owns (≈506 tonnes) increased in value, since gold's market price increased

ECB reevaluates gold at the end of every year and credits or debits the revelation account accordingly

Illya Gerasymchuk 2025-09-15 20:52

🇪🇺 ECB gained €10.5B on gold from 2023 to 2024

2025 YTD running gains add another net positive ≈€10B & likely to be higher by the year end's gold revaluation

that's an implied ≈8% yield on gold appreciation - much more than the ECB earned from other asset buckets