Gold surged $25 higher at the open today in response to geopolitical events happening in Ukraine and Russia. With the price now at 4 months high, the question on everyone’s mind is….Should we buy gold? Is the Gold sell off over? Is the new Gold bull leg about to begin?
I believe so. While I do not have a position in Gold (just yet), I believe that Gold is starting a bull run here. The miners have been oversold for quite some time and recently developed Bullish Trend bodes well for the metal. In addition, with the severe upcoming bear market and recession in the US between 2014-2017 (based on my timing work), gold is bound to do very well from the “safety” side as well.
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