Gold News

Gold Prices 'looking incredibly bullish'

There are so many ongoing "bullish factors" currently supporting Gold Prices that it is a "chore" to track them all.

That is according to Jeff Clark, senior editor of Casey Research's Gold & Resource Report, who highlighted some of the main reasons why Investing in Gold is always a sound financial decision.

He explained that, unlike other assets, the precious metal responds to its own supply and demand, protects against "short-sighted" government actions and is a "bellwether" for economic sentiment.

Globally recognised as a store of value, it is almost timeless in its durability and protects against both inflation and devaluation in paper currencies.

"In spite of gold's recent correction, the reasons haven't decreased. In fact, the case for holding gold is stronger than ever," said Mr Clark.

"Physical gold and select gold investments should be a cornerstone in everyone’s portfolio."

Rick Ackerman, author of trading newsletter Rick's Picks, is bullish on Gold Prices, which he expects will rally to $1,400 shortly.

What's more, he suggests that drops to $1,085 are a worst-case scenario before the rally occurs, which should reassure long-term gold investors who have been waiting through the current correction in Gold Prices following December's record highs.

"If that's as bad as it gets, it should put no great strain on the nerves of gold investors, even if it tests everyone's patience."
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