IS GOLD FINALLY STARTING A NEW MARCH TO $2,000 $GLD
After the long awaited rally in gold, investors are asking me the natural question, “Is this the start of a new march for gold to $2,000?” Let’s explore some of the most important factors in determining the answer including the three events, two charts and the next big event. At a time like this, it is important even for macro based investors to pay special attention to the charts. Three Events Three recent events have accelerated gold’s rally. European Central Bank (ECB) unexpectedly turned more dovish than the consensus. The Fed followed the ECB with a dovish message. Iran shot