After years of sitting on the launch pad, gold’s countdown appears to have finally hit zero, sending it skyrocketing upwards.
With the central banks causing nothing but fear, worries over a global recession, and plenty of market volatility, it’s not surprising that gold has already begun 2016 with its best quarter since the 1980s.
But that leaves us with plenty of questions: Will gold continue to climb? How high can it go? Should I get in on gold now? Let’s find out…
Gold isn’t just flying as far as precious metals go…it’s beating virtually every other asset class this year.
With a spike of over 16% to start the year, gold has climbed up to $1,234 an ounce to round out the first quarter. And it doesn’t look like it’s ready to fall back down to reality anytime soon…
Why?
Gold has often been a safe haven for investors. When fear and uncertainty is running rampant, you can expect gold to be screaming higher and higher.
So you can understand why gold has managed to lunge up from multi-year lows to heights not seen since January and February of 2015!
But will gold be able to continue on this path?
Right now all signs are pointing towards more uncertainty – Janet Yellen and the Federal Reserve continue to play with interest rates like toys, economies around the globe face more and more downward momentum, oil prices are in the basement with little to no cooperation from producers, and plenty more to worry about.
And more uncertainty means more likelihood for gold to ascend.
How high?
That could all depend on the severity of the conditions we plummet into. We’re still very far from the all-time high for gold of $1,923 an ounce, and it will take much more movement for that to become a target again.
Should you get in now?
Gold is a safe bet right now, but that doesn’t mean it will be one forever. The price of this precious metal is in constant flux and changes every time the market does.
That’s why I’m going to be tracking gold very closely in the near future and giving my very best recommendations for trading it to members of Midas Wave Alerts.
