I believe gold is on the cusp of a major breakout higher. However, gold prices are entering their bearish prime season, and a short-term pullback is likely in the cards.
For thousands of years, gold was money. More important, the world still views gold as an insurance policy against financial troubles.
The price of gold is about economic conditions around the world. To understand the price of gold, we have to understand money.
Since bottoming in late 2016, gold prices have been up as much as 20%. Still, 2018 is the more promising year for the precious metal.
Matt Badiali, editor of Real Wealth Strategist, has found the perfect place for you to look for your next gold investment…
I recently told readers of my Real Wealth Strategist newsletter: Now is the time to buy gold. I believe we could see the price climb 500% or more from here.
Someday we’ll look back and say this event scrambled the global economic order … and put gold center stage in the geopolitical spotlight once again.
When the price of gold moves in one direction across a basket of currencies, then we can find the direction of the actual gold market.