Sunday, March 19, 2017

2017 gold outlook.

After a  long  break from blogging, i return to pen down my thoughts.  I am bullish for 2017 year of  US stock market and bullish on Gold, since the following chart  suggests that a bottom may have formed on gold futures.  We are on the verge of a bullish run  on gold,   and  the target  is around 1400 area  initially,  though higher is most likely  before  year end 2017. But, i am inclined to make a play on  Silver (which correlates with Gold)  in order to play the precious metals.  With 2017  price target of 21 on silver futures (from today's  17.5)  there is a bigger percentage to be gained with a play on silver, when compared to gold.


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