Gold

Bull market in Gold looks set to continue.

Gold has been riding the 50 day moving average and was able to successfully hold the 200 day moving average during 2020 market crash. The strongest bull markets have periods of rising prices followed by corrections. The recent flat market correction is an ideal break for a pause before continuing higher.

While is it possible that gold prices pullback again as far as the 200 day moving average (about $1580), both the 50 day and 200 day moving averages are rising which supports the case for a continued Gold bull market.

Aside from strong technical trading the reasons to own gold are growing. As global central banks expand loose monetary policy (generating huge amounts of new fiat money and buying all manner of assets. Central bank balance sheets are soaring which is unlikely to change anytime soon.

So far the price action over the last 2 years is up 35% in USD. As the strong bull market continues it is only a matter of time until Gold price breaks its 2011 all time high. You can take advantage of this strength by buying gold or gold etfs. For a leveraged play you can buy gold miners and gold royalty companies. Gold exposure is an important part of every diversified portfolio.

Cheers to your health and wealth.

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Disclosure: I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. The information provided should NOT be considered advice. The topics discussed are risky and have the potential to lose a substantial amount. I am not an investment professional and therefore do not offer individual financial advice. Please do your own research before investing.

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