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Is Gold Ready for a Rebound?

http://profitableinvestingtips.com/profitable-investing-tips/is-gold-ready-for-a-rebound Is Gold Ready for a Rebound? Did you sell all of your gold bullion or your gold ETF shares? That certainly was the correct thing to do after gold peaked in the $1900 range in 2011 and worked its way down below $1100 by the end of 2015. However, the price of gold bullion has gone up in recent weeks. Is gold ready for a rebound or is this just another upward spike before the shiny stuff continues to drop? 24/7 Wall Street reports that Merrill Lynch just raised priced targets on 4 gold stocks to buy. If you think energy and the bank stocks have had a bad time, consider how gold investors have suffered over the past five years. Since peaking in 2011, the price of gold and gold stocks have taken an epic beating, and most investors tossed in the towel some years ago. However, gold is up big this year, trading once again around $1,200 an ounce, and it may be poised to move even higher in coming years. In a new report, Merrill Lynch points out that the sentiment for the precious metal has gone from what they term as “uber-bearish” to “supportive.” While many investors got pushed out and washed their hands of the trade, now could be a good time to look at the sector again. With selling abating, demand increasing in Asia and world tensions growing, investors may want to consider carving out an allocation. Gold is considered the ultimate haven during bad economic times. Thus it should not be a surprise that gold investment demand in China will grow. Reuters reports the story. Gold investment demand in China has started 2016 quite strongly, outperforming interest in jewelry, but for the momentum to continue bullion would have to maintain its price rally, a World Gold Council (WGC) official said. With a 14 percent gain, gold XAU= is the best performing asset so far this year after falling for three straight years to 2015. The metal hit a one-year high last week as turmoil in global stock markets triggered safe-haven demand.

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By www.ProfitableInvestingTips.com
http://profitableinvestingtips.com/profitable-investing-tips/is-gold-ready-for-a-rebound
Did you sell all of your gold bullion or
your gold ETF shares?
http://profitableinvestingtips.com/profitable-investing-tips/is-gold-ready-for-a-rebound
That certainly was the correct thing to
do after gold peaked in the $1900 range
in 2011 and worked its way down below
$1100 by the end of 2015.
http://profitableinvestingtips.com/profitable-investing-tips/is-gold-ready-for-a-rebound
Before We Continue…
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FREE training materials.
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Includes training for all 12 major candlestick signals.
http://www.candlestickforums.com
http://profitableinvestingtips.com/profitable-investing-tips/is-gold-ready-for-a-rebound
However, the price of gold bullion has
gone up in recent weeks.
http://profitableinvestingtips.com/profitable-investing-tips/is-gold-ready-for-a-rebound
Is gold ready for a rebound or is this
just another upward spike before the
shiny stuff continues to drop?
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Is Gold Ready for a Rebound?