Today, we’ll look at the long-term trendline that is supporting my bullish view on gold. And I’ll explain why it is critical to watch in the coming weeks.
Right now, gold is out of favor. It may become even more out of favor by the end of the year. But my hunch is that we just got a bullish “soft” signal.
Today, gold traders are fleeing because prices keep falling. But the best time to buy gold is after fear drives prices down to bargain-basement levels.
Time and again, gold has proven to be one of the few investments that survives, even thrives, during times of economic uncertainty.
The Italians use gold as an insurance policy against catastrophe. And when the country joined the EU, it triggered an emergency. The lira plummeted in value, but gold did not.
I’m comforted by the fact the mainstream financial press isn’t talking about gold. Because, by many measures, an investment in gold looks like a sure thing right now.
For thousands of years, gold was money. More important, the world still views gold as an insurance policy against financial troubles.
There is one standout this year that could easily weather a government shutdown and a stock market sell-off, and that’s gold.