Commodity Trade Mantra

Posts Tagged ‘Gold Mines Index’

The Rally in Gold Prices is Just Getting Started

It’s been a stellar six months for gold investors. The yellow metal has surged 28% year-to-date, its best first half of the year since 1974. And now there are signs that the rally is just getting started. About $10 trillion worth of global government debt now carry historically low or negative yields are contributing to gold’s attractiveness right now & pushing it up on a new bull run.

Why One Analyst Believes Gold Prices Could Hit $3,000 an Ounce

We are likely entering a new gold bull market since the previous one concluded in September 2011. Since 1970, we’ve seen five gold bull markets, each one lasting an average 63 months and returning an average 385%, according to the WGC. Dr. Diego Parrilla stated that “a perfect storm for gold is brewing” & predicts gold could rise to $3,000 within the next three years.

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