Gold made a bear-market bottom in 2015 followed by a higher yearly cycle high and yearly cycle low in 2016 and has begun a new bull market. However, following the 4-year bear market, traders are finding it difficult to transition to the new bull-market mentality.
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Gold's Bull-Market Psychology
Published 02/01/2017, 10:03 AM
Updated 07/09/2023, 06:31 AM
Gold's Bull-Market Psychology
Latest comments
When you want to face the truth about Gold , just look at the XAU/XAG ratio. In April 2016 we had an important support break which signified that indeed we have a bull market in metals. Low ratio means strength for the metals and ultimately gold and vice versa.
I'm a believer. Clearly the Yen carry trade is falling apart. Effecting the equities market (SPX) amongst other things. But I believe the manipulation of the Yen devaluation was prime. And my account positively reflects the thoughts of the few. Great article! Your insights are appreciated and confirming.
Beautiful... "Born Again"
In my opinion the main driver for gold's bull market is the rising inflation. When the currencies can not buy the goods, here it comes the gold to replace the paper. People are not factoring the political and economical outcomes of current administration's agenda. When you close the doors the prices will go up.
Good stuff, Gary. Yeah no one listened to me but my account has been green since the new year!
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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