Could The Stars Be Aligned for $1,500 Gold?

The comments above & below is an edited and abridged synopsis of an article by Frank Holmes

“In a January post, I showed how the price of gold rallied in the months following the 2015 and 2016 December interest rate hikes—as much as 29% in the former cycle, 17.8% in the latter. Gold Could Stars Be Aligned for $1,500 Gold? | BullionBuzzended 2017 up double digits, despite pressure from skyrocketing stocks and massive cryptocurrency speculation.”

“I forecast then that we could see another ‘Fed rally’ this year following the rate hike in December 2017. Hypothetically, if gold took a similar trajectory as the past two cycles, its price could climb as high as $1,500 this year.”

“…I stand by the $1,500 forecast. Before last week, investors might have been slightly disappointed by gold’s mostly sideways performance so far this year. But now, in response to a number of factors, it’s up close to 3% in 2018, compared to the S&P 500 Index, down 2.4%.”

Holmes discusses living with volatility; Kudlow’s kerfuffle over gold; and whether Trump is betting on the wrong guy.

Please share...

Leave a Reply

Your email address will not be published. Required fields are marked *