The gold price is just a matter of time

It appears to be an almost perfect environment for the gold price. US government bond yields move from one low to the next. The stock markets are currently a slide and cryptocurrencies have not outstripped the gold price as a safe haven. Gold shines in this environment. Last asset standing – so to speak. Some, like Jeffrey Gundlach, see the gold price “almost certain” on the way to a new all-time high. And THE SHAREHOLDER agrees here. Gold is back on the uptrend – but not only since the oil price crash and not just since the standard shares reset. The tide-turn for gold had already started at the end of 2015. The gold price has already reached a new all-time high in most currencies. In US dollars, this should only be a matter of time.

But, and this is a small, short-term warning: There currently seems to be too much euphoria about gold. The stock markets are ready for a rebound. Technical indicators show the most oversold situation since the financial crisis. A rebound – even if only temporary – should in the short term ensure that money from the safe haven of gold is converted into shares. But all of this should only be a small glitch that should be seen as an opportunity to buy. Gold is back – and gold is on the way to a new high. It should only be a matter of time before it happens.