From Jeff Clark, Senior Precious Metals Analyst, Casey Research:
Gold’s pullback a year ago no doubt shook out a lot of nervous buyers. They got in on the rise, they got nervous on the pull back. They sold, and they lost.
That’s just the way the market works.
But it’s a shame, because when we look logically at gold’s historical performance – for example over the last 12 years – we see that holding their nerve, tough though it can be, will most likely turn out to be the best approach, and for good reason.
Look at gold prices for the last five years… You can see, despite the pullback, that the trend is clearly heading up.
But to get a feel for when the current pullback will end and to understand what we can expect when it does, consider these three key reasons you should be considering gold in your portfolio mix…