Gold had a rough 2013. With a loss of 28% on the year, the spot price of gold was down by nearly the same percentage that the S&P 500 was up. And I don't expect gold to regain its shimmer in 2014. Let's take a look at the macro environment as we enter the new year:
And on top of all of this, we should remember that gold had a monster secular bull market run that lasted 12 years. When the last bull market in gold broke, in 1980, it took two decades for it to finally find a bottom. I try not to spend much time on specific price targets, as I see these as being something of a distraction but I expect the spot price of gold to finish in the range of $1,000 to $1,100. Disclaimer: This site is for informational purposes only and should not be considered specific investment advice or as a solicitation to buy or sell any securities. Sizemore Capital personnel and clients will often have an interest in the securities mentioned. There is risk in any investment in traded securities, and all Sizemore Capital investment strategies have the possibility of loss. Past performance is no guarantee of future results. |
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来自: jctan71 > 《Business(10)》