History suggests that gold recovery will be slow but lucrative

Zero Hedge Watch

History suggests that gold recovery will be slow but lucrative. Past gold market corrections may give investors an idea when gold will rebound. Over the past 50 years, each time gold prices fell, they eventually recovered. In addition, the deeper the correction, the longer it took for prices to get back up. In 1976, gold prices fell by about 47%. It took over 3 years for gold to get back to its original high, but over that time gold prices doubled. If that pattern repeats, investors should see gold as a long-term, possibly lucrative play. (VIEW LINK)


Zero Hedge Watch

The Zero Hedge Watch feed provides a summary and link to a selection of articles from the Zero Hedge website

gold global commodities

Comments

Please sign in to comment on this wire.