Lark Davis|Jan 26, 2026 08:25
Gold just hit over $5k with a monthly RSI above 95.
Last time RSI was this extreme? 1973.
Gold then ran 10x over 7 years.
1973 was about price discovery after the dollar lost its gold anchor.
Gold ran another 50% over the next 24 months, after an almost immediate 30% drop. Then, after running 50%, it dropped 50% and took 3 years to break out again until it peaked to $875 in 1980.
2026 is about alternative reserve asset discovery as trust in the dollar system erodes.
Central banks buying 60 tons/month aren't speculating. They're rotating out of dollars.(Lark Davis)
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