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.
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