14/12/17

Now’s the Perfect Time to Buy Gold Stocks for 2018 – Here’s Our Pick



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Now's the Perfect Time to Buy Gold Stocks for 2018 – Here's Our Pick
// Silver For The People

wallstreetexaminer.comby  • 

This is a syndicated repost courtesy of Money Morning. To view original,click hereReposted with permission.

Some pundits will tell you that gold is dead, but the market has a different point of view. Let's cut right to the chase – gold is going higher in 2018, according to Money Morning Resource Specialist Peter Krauth.

And that will be a major catalyst for gold stocks in 2018…

Despite a few headwinds, gold is actually in a bullish trend. Since bottoming in 2015 at $1,045.40, it's now 19.1% higher. And that includes the recent weakness seen over the past few months.

Since its major bottom in 2001, Krauth sees the current path for gold prices as being very similar to that of the late 1970s. It was the dawn of what would become a great secular bull market, taking the metal to a 700% gain by the peak set in 1980.

Of course, every market ebbs and flows, and gold soon entered a bear phase. In 2001, that phase ended with gold trading at $255.00. Another great bull run took it to $1,923.70 in 2008, for a 650% windfall.

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The post Now's the Perfect Time to Buy Gold Stocks for 2018 – Here's Our Pick appeared first on Silver For The People.


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