Gold – $1,300 Liftoff? (August 28, 2017)

Gold just pierced through $1,300/oz! Many of us have been waiting all summer for a decisive break to the upside…

Will it be different this time or will the goons look to smash it right back down, per usual?

I don’t know about you, but I’m glued to my screen…

So many of us spent pretty much the entire summer looking for “needles in the haystack”, nitpicking our portfolios endlessly and trying to locate some of the better deals out there.

But truth be told, all of that “micro analysis” will fall by the wayside and get lost in translation if this gold bull market begins to resume course in earnest.

A rising tide lifts all boats.

Will all that “micro analysis” be worth all that hard work and effort?

We’ll see…

In any case, a day like today is a good reminder of what can happen to gold stocks when the trend is your friend and things are moving in the “right” direction.

 

Gold stocks provide some pretty potent leverage to the upside that can lead to some extremely robust returns in a heartbeat…

 

C’mon gold… Let’s break through $1,300/oz with full conviction and never look back!

 

Game On!

Print Friendly, PDF & Email
Sharing is Caring:
0 0 vote
Article Rating
Subscribe
Notify of
guest
5 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
KevinS
KevinS
3 years ago

To the moon Alice! To the moooooon! 😀

Vegas Warrior
Vegas Warrior
3 years ago

Silver stocks can provide even more leverage! (Sent from the Silver State)

hidflect
hidflect
3 years ago

I’m neither a gold bear or bug. I used to be a bear and could a write a pretty long and sophisticated points list on all the reasons why gold is worthless. Until I realised that gold certainly has its place in the market as the alternative to equities and cash. Gold is a bit like the reverse gear on a car. Takes you in the wrong direction and seldom needed but without it, you’re screwed. If gold didn;t exist, the markets would have to invent a substitute. I noted your comment “will the goons look to smash it right… Read more »