You’re likely aware of the price action in gold lately. Gold has rallied from $1,591 per ounce on April 1 to $1,782 per ounce as of today. That’s a 12% gain in less than three months.
My earlier forecast was that gold would hit $1,776 by the Fourth of July. I guess I was a bit early!
Today’s price of $1,782 per ounce is the highest since 2012 and a 70% gain from the low of $1,050 per ounce at the end of the last bear market in December 2015.
The history of gold bull markets (1971–80 and 1999–2011) shows that the most powerful gains come toward the end of the bull market, not at the beginning.
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
8 comments:
Sure!
So, when the civil war starts, what will be worth more, gold or bullets?
Gold is real money
Natural and not human origins
Amen 7:18
Buy Kirkland Lake Gold LTD
Bye lead
Just make sure you buy your physical gold from an accredited gold dealer and sell it back to the same dealer when it reaches an appreciable price.A good gold and silver company should give you the best deal when you buy and the highest price when you sell.Any reputable dealer does this to keep you as a customer.And when you get your quote when you decide to buy or sell don't jump ship over a few dollars.
Fake news
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