Should you be snatching up gold?

Sean BowerThe uncertainty is growing everyday – uncertainty about Wall Street, uncertainty about global economies, uncertainty about emerging markets, uncertainty about the next president, uncertainty about terror attacks, and on and on…

But does uncertainty mean that gold is ready to skyrocket?

Let’s take a look at everything impacting the price of gold, and whether or not you should be snatching up as much gold as you can get your hands on…

After coordinated terror attacks in Belgium earlier this week, the price of gold has pushed up even higher.

That’s just added momentum for the precious commodity that’s been climbing since late December. It’s all part of the risk aversion sentiment that’s gradually creeping into the underlying pulse of Wall Street.

What we can say for sure is that demand for gold is rising…

…but does that mean you should be joining in?

Gold, now up over the $1,252.90 mark at the time of writing, is in an interesting spot. A long-lived bear market for gold has been the overriding summary for the precious commodity since October of 2012.

But a relatively sudden jolt of buying on demand could have jump-started gold back into a brand new bull market.

Let’s put some numbers to it with the help of the SPDR Gold Trust Shares ETF, or GLD. In late 2012, GLD was trading at a height of about $174. During the low point for gold around the end of last year, GLD was trading at just over $100 per share.

That’s a 42.5% decrease!

But in the first quarter of 2016, the GLD has risen all the way to $120 per share, which is a climb of roughly 20%!

So in addition to the gold market itself telling us that it could be back, refreshed, and ready to climb, the stark movement of this precious commodity tells me that uncertainty is running rampant.

And with no real plan for domestic and global clarity and composure on the horizon, I’m expecting gold to gain more momentum. Gold is no longer in the gutter, and the rally appears to be on…

Bookmark and Share facebook twitter twitter

Leave a Comment

*