Is this the start of a new bull market for gold?
By GCRU Gold News on Thursday, June 26 2014, 00:50 - Permalink
So, the bottom is in. And I think we’re in the early stages of another bull market that’ll take us a bit higher by the autumn, and a lot higher in a couple of years. I like the way the moving averages are all lining up. Gold supply won’t be great in the coming years (not enough new discoveries). And there’s plenty of money elsewhere to come back into the sector.
$1,475 this year? Probably too ambitious, but certainly the high $1,300s or even low $1,400s looks possible. But it will not be one-way traffic – it never is.
This last month has been gold ringing a bell saying: “Hello, I’m here.”