Inflation Expectations and the Price of Gold
May 14, 2009 by
Filed under Tips
From a long-term perspective, gold is a bargain at recent prices in the $900 to $930 an ounce… and will remain so even as it begins to move into a higher trading range.
Recent gold-market developments and technical price action — along with broader economic and financial-market developments — suggest that gold is bracing for a resumption of its long march upward and a retest of its historic high in the months ahead. For more, see our recent posts on NicholsOnGold.com, particularly Risk/Reward Ratio Favors Long Side and Gold: A
New Monetary Role.
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