Gold to Regain Its Gleam
One question that gold investors are asking now is, will 2017 be as spectacular for the yellow metal as it was in 2016? The short and sweet answer to this is YES.
The dollar, gold and the major U.S. stock exchanges will all see new highs. Gold is currently in a “complex corrective correction” while experiencing its’ last pullback, beforehand.
Both the short-term outlook and the long-term outlook for gold is bullish. Trump’s victory win is a positive for gold bulls. Policy uncertainty and slowing growth, following a Trump win, will stoke the yellow metal’s price in 2017.
Gold prices have been under pressure since the Trump victory, but the long-term scenario for gold is that it is parabolic. The global economy is still in contraction. Global Center Bankers continue with monetary easing, leading to currency debasement. Interest rates continue to slide into negative territory in Europe and Asia.Gold’s investment appeal will encounter a period of time before it generates positive yields. Gold, as an investment, will once again be back in vogue. As prices rally, investment demand will only rise further, taking everyone by surprise.
The demand for gold jewelry has been declining within the large gold-consuming nations. The gold investors will call the shots in this new ‘bull’ market of gold.Current supply constraint has cushioned gold prices from the rally in the U. S. dollar.
This is the last great buying opportunity for gold before it makes its next historic run in 2017 and beyond.
Excessive Pessimism: 2.0
THIS IS WHEN THE BEST OPPORTUNITY TO BUY GOLD IS PRESENTED
Latest Value(s):
– Last Reading: 1.0
– Extreme Values:
– Excessive Optimism: 8.0
Excessive Pessimism: 30:
THIS IS WHEN THE BEST OPPORTUNITY TO BUY GOLD IS PRESENTED
Latest Value(s):
– Last Reading: 34.0
– Extreme Values:
– Excessive Optimism: 75.0
– Excessive Pessimism: 30.0
