Loading ...I have been saying that I think the big. surprise will be NOT having. a long, drawn out 2000 to 2011 style rally–I also said that it might be impulsive like Bitcoin–so I am glad to see that. he agrees=
“If so, then the next upward spike could peak in the range between $7,000 and $11,000 per ounce.
Investors tend to make rash decisions based on fear and greed. These emotions are typically amplified during times of financial stress. It is during such times that gold solicits fear and greed motivated buyers. During a crisis, fear investors will rotate into gold to hold value, and greed investors see the upward momentum and jump on the train. The upward momentum of the next gold rally might feel like the Bitcoin surge in 2017.”