Gold

This is the time of year that those of us who are brave - or more likely stupid - come up with some predictions for the year ahead...so let's look at what this observer considers will happen during the year ahead for the precious metals, precious metals stocks and the geopolitical drivers behind what I see as the likely price trends.

...Those concerned about the current low prices for gold and silver - prices that defy logic, defy supply, defy demand and show no signs of a turnaround, yet, according to all the charts - are playing a fool's game. Instead, they should be doing everything possible to have and accumulate physical possession of them. China, Russia, India, even central bankers are all amassing as much physical gold and silver as is possible. Take a page from those who rule and do the same. Accumulate whatever you can, while you still can.

Humans will do almost anything for gold. In fact, they will even suspend themselves 2.5 miles into the Earth – braving extreme temperatures, armed thieves, and constant seismic activity – just to mine a 30-inch gold reef. Welcome to another day at Mponeng, the world’s deepest gold mine.

When I look strictly at what’s actually going on in the world, I have to think that gold will go to at least $2,000 in this cycle and there are very credible scenarios in which it could go to a multiple of that number. Why am I so bullish for the yellow metal? Let me tell you why. Words: 469

The next stop for gold, coming from strong support in the 2008 mini-crash, is around $700 and it looks like this move is already well into motion!

Most analysts (well, actually all of them) predicted a victory for Trump would be excellent for the precious metals prices yet gold has dropped since then, so why was everyone wrong? Why did this happen?

The 2016 bull market in gold and gold stocks had gone off course, moving too far out of its historical boundaries to remain a bull market. It has broken bull market support ($1200-$1210 and $1230) and could be on its way to $1050 in the next few months.

Once the Sharia Gold Standard is adopted, it’s very likely 100 million Islamic gold investors in key Islamic countries like Bahrain, Qatar, Indonesia, Saudi Arabia and Malaysia will start aggressively buying gold investment products and this could push gold prices higher - a lot higher.

Three steps forward, two steps back. That’s the way new bull markets are always born so what can we expect about the ‘two steps back’ story? In this context we’ll look at some Fibonacci retracement numbers for gold, silver and the mining sector.

With the price of gold and silver coming down sharply, many investors are asking what the future price of gold will be. Although we do not pretend to have a crystal ball, we observe sufficient signals in the charts to suggest that the future price of gold points to $1,000/ozt as the most likely 2017 forecast.