Gold

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.

Many people assumed that with Donald Trump winning the election that gold would rocket beyond $1400 yet gold has actually DROPPED since the election. With gold experts and analysts scratching their heads, we offer our opinion on what is going on with gold and how gold investors should position themselves moving forward.

Gold’s bright future is down to uncertainty and safe-haven demand in the short-term, but in the long-term this election will be a mere brick in the long-road, bullish road ahead.

In this article, I compare the price action of gold in 2016 to another, older, critical period in the history of the gold market: 1976. I am not saying...that we will necessarily repeat the experience of the 1976 - 1980 gold bull market (if we did, we would see gold rocket to $8,000-$10,000 a troy ounce in the years ahead), but I do expect an enormous bull market for gold in the years ahead. Whether that means $3,000 or $6,000 or $8,000 a troy ounce, I cannot say for certain.