2019 could be a great year for gold
https://investinghaven.com/commodities-gold/gold-price-forecast-2019/
Gold stocks in 2019: a once-in-a-decade buy opportunity
That said, we believe that gold stocks are near a once-in-a-decade buy opportunity. Look at the gold miners index, monthly chart. It shows how peak to trough gold stocks have corrected 79% since their pea in 2012. This clearly is a buy area. The time gold stocks will trade near their secular support is unknown, it may vary from a couple of weeks till a couple of months, depending on how fast the gold price moves back above $1300. But, one thing is clear, if gold surges above $1300, and, ultimately, above $1375, we will see wild moves higher in 2019 in the oversold gold stocks market. Stay tuned, as we will publish our gold stocks forecast for 2019 anytime soon.
A perfect storm is brewing
2019 could be a great year for gold...
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
