The financial media has taken its eyes off gold. Everyone is enamored with the new “dollar-alternatives” out there. There’s little doubt that cryptos are stealing gold’s thunder.
I actually think that this is good news for gold. Gold is staging a stealth rally and no one is paying any attention. I love it!
Look, I’m bullish on cryptos and blockchain too but I don’t believe that gold is about to play Barnes & Noble to bitcoin’s Amazon. There will be a time when the world’s attention returns to gold … and I don’t think it’s that far off.
We’ve been bullish on gold since the beginning of the year when gold triggered a Stock State Indicator (SSI) Entry Signal in April. Gold has been trading exclusively in the SSI Green Zone ever since.
Moreover, remaining interest has the room to run higher, to the levels of 2010 and 2016 where gold experienced good growth.
That’s a great sign for anybody looking for a good reason to get into gold now.
Taking the time-cycle forecast out further, it looks as if gold could continue moving higher through most of 2018, at least into the fourth quarter. This is a very bullish forecast.
For all the reasons I expressed above, gold flew under the radar in 2017. And, I don’t want you to miss out on what I feel is a very positive trend.
Investing is not about instant gratification, though we’ll take it when we can get it! A slow cautious approach with gold is paying off and I expect it to continue to do so into 2018.
Have a great weekend,
Richard Smith, PhD
CEO & Founder, TradeStops