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Why Gold Could Soar Another 353%

Monday, January 9, 2017 17:27
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(Before It's News)

caseyresearch.com / January 09, 2017

Gold is on the rise again…

It’s climbed for two straight weeks, and it’s now up nearly 5% since December 15.

Many precious metals investors couldn’t be happier about this.

You see, gold stormed out of the gate last year. It had its strongest first quarter since 1986. By the end of June, it had risen 25%. Things were looking up.

Then, the market changed course. Gold plunged 18% in just four months. Last month, it hit its lowest level since last February.

• The sharp pullback spooked precious metals investors…

But regular Dispatch readers knew that gold would rebound.

After such an explosive start to 2016, it was only natural for gold to “take a breather.”

We urged you to not lose sight of the big picture.

As we often remind you, gold’s a safe-haven asset. Investors buy it when they’re worried about the economy, financial system, or politics.

And right now, investors have plenty of reasons to be worried, even if some are still enjoying the “Trump Honeymoon” phase.

• Louis James thinks gold will keep rising…

Louis is our chief resource expert. He is the editor of International Speculator and Casey Resource Investor, our advisories dedicated to resource stocks with big upside.

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The post Why Gold Could Soar Another 353% appeared first on Silver For The People.



Source: http://silveristhenew.com/2017/01/09/why-gold-could-soar-another-353/

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