Loading ...Today GLD at 178, is EXACTLY where it was in 2011, 10 long years ago. So, instead of considering or thinking, that Gold too high to buy these days, you could say the Gold price is retarded, and 10 years behind schedule. It just got its sea legs back. 🙂
From 2011 to 2016, that 4 year correction was bad enough, and finally we had lift off in 1st half of 2016. then Trump started saying….”Don’t worry about the economy” “don’t worry about your guns”, and suddenly our gold stocks and gun related stocks dropped.
And gold was stuck between $1200 and $1300 from mid 2016 to mid 2019. Then finally, back up over $1900 last August. And here we are nine months later, and didn’t beat August yet.