Wednesday, July 16, 2014

Why now could be a good time to buy Gold

At the beginning of the year, we were at $1200 [on gold] and then we rallied to $1393 and since then, we have had a correction again to around $1200 and now we have rallied again.

My sense is that this latest rally has been accompanied by a lot of skepticism among investors and a lot of negative sentiment. In other words, people are not buying the bull market yet and this is a good sign. I would be accumulating gold from here onward down to around $1250.