Keep the bastards honest....LOL what a joke statement.
Here is an honest analysis below....
Year to date, Gold is up over 20%, compared to nearly 5% for Treasuries and a mere 2.55% for stocks.
This outperformance is nothing new. Since 2000, Gold has returned 340%… nearly twice Treasuries’ return of 186% and exponentially higher that the S&P 500’s 42% return.
And this is including Gold 40% correction from 2011 to today.
Speaking of which, Gold is now breaking out against the US Dollar, the Yen, and the Euro in the last year or so. This has many asking whether the next leg up has begun for Gold’s major bull market.
During Gold’s last major bull market in the ‘70s, the precious metal advanced via two major legs. During the first leg, from 1970 to 1974, Gold rose 550%. It then corrected 50% before beginning its next leg up.
However, it was the SECOND move higher than was the BIG one= a 900% increase in value.
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- Seems like gld price not hitting $1300 tonight.Hmmm
Seems like gld price not hitting $1300 tonight.Hmmm, page-24
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