Gold's Finest Hour: How to Buy Now

Source:

Gold prices are heading much higher before this bull lays to rest. This marks the first time in history that every facet supporting the bull market is riding on steroids!

...Gold is approaching its finest hour since January 1980.

From its all-time intraday high in April, spot gold prices have declined 8%. Even though gold has soared over the last few years, the spot price of gold is still 55% below its inflation-adjusted high since January 1980...

Amazingly, gold remains miles off its inflation-adjusted high. Unlike many of the skyrocketing base metals this decade, gold prices are just $106 above its best levels in the last bull market in 1980. ...

From a technical perspective, spot gold prices remain well above their 50-day and 200-day moving averages. Spot prices should take-out the intraday high of $1,033 an ounce on the next up-crash cycle. This should occur during the summer or early fall.

Seasonal strength for gold has arrived early this year, typically starting in the fall. But as far as I'm concerned, the latest price action is bullish because the United States and other countries are starting to lose control of inflation. In June, U.S. CPI hit 5%, the the largest annualized gain since 1991.

Gold prices are heading much higher before this bull lays to rest. This marks the first time in history that every facet supporting the bull market is riding on steroids!

Related Articles

Get Our Streetwise Reports Newsletter Free

A valid email address is required to subscribe