You Need To Kiss Goodbye To The Gold Bull Market!

Just 2 years back, analysts were predicting gold prices hitting $5,000/ounce mark. Gold prices slightly touched the $2,000/ounce mark and then the downward spiral began. What happened to the gold bull market that many analyst predicted? In a recent article published on BloombergView, Barry Ritholtz gives 5 reasons why the most anticipated gold rally hasn’t materialized yet. This is what he says: “The bottom line seems to be that all of the factors that led to the huge rally in gold from 2001-2011 are no longer present. The year isn’t yet half over and gold still could stage a comeback. But with each passing day, it looks more and more like the bull market in gold that began more than a decade ago is over.”  If you are still thinking of the coming gold rally, you should read the whole article. Gold volatility has dropped to it’s 14 months low boring most investors who are now busy pushing the stock prices to an all time high. There is not much interest in gold right now and it is expected that by the year’s end gold prices will be hovering around $1,150/ounce.

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Categorized as gold