Given the fact that the asset class of precious metals, and more generally commodities became the easiest pick for investors over the latest decade, we really shouldn’t be that perplexed with the idea of how quickly it has now been shunned by the masses. As the price of gold continues in a downtrend, the widely popular SPDR Gold Trust ETF is seeing its lowest levels since 2009. But since the final surge in the price of gold was driven by a herd mentality amongst investors to protect against a stimulus program so complex it was difficult to comprehend, it’s reasonable an asset class associated with fear and uncertainty became a safe harbour of capital. More recently though, what believers of gold and other precious metals learned is the price can go down as quickly as we saw it go up, and that’s not to acknowledge that gold was in a bubble, or by some analysts’ definition has entered a bear market, but perhaps instead, a short period of consolidation.
Why it’s Okay to still be Bullish Gold: The Difference between Short & Long Term
Posted by Robert Levy - Border Gold Corp.
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