I Expect An Explosive Move in Gold Reaching All-Time Highs in 2018
The comments above & below is an edited and abridged synopsis of an article by Brian Bain
Avi Gilburt is a leading contributor on Seeking Alpha and one of 21 Seeking Alpha contributors who participated in the January 2018 DIY Investing Summit.
Avi was asked what his long-term views are on gold. He said he believes we are on the cusp of a decades-long bull market.
How big of a deal could this be? He compares it to a similar setup and bull market prediction that was made on the Dow in the 1940s. At the time, the Dow was around 100, and today it is over 26,000. He had hoped the bull move would have materialized more in 2017. Even so, his bullish sentiment remains strong. He reminds us that the more energy a chart builds, the more energy it generates for an eventual breakout. The breakout he anticipates could lead to gold testing all-time highs before year end.
Some of the topics addressed in this interview with Brian Bain include: The current bull market should last through 2021; why Avi isn’t worried about a correction until the S&P breaks 4000; why gold is ready to break out and will do so with power; and why sentiment beats fundamentals and technicals every time.