Monday, February 15, 2016

Gold is on the Cusp of a New Bull Market

Gold closed Thursday up 18.6% off its closing low on 12/17/15, a low it hit one day after the Fed hiked rates.  If gold reaches a gain of +20%, it will market a new bull market for the yellow metal. 

That would end gold's bear market. And that bear market has already lasted more than 1,500 days. That makes it gold's second longest bear market on record behind the 1,900-day bear that ran from December 1987 to 1993.

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(Updated chart)

Whatever your plans are, good luck in this wild market.

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