Gold Is About to Stage a Massive Rally... By Jason Simpkins Gold had a terrible year in 2013, and now it's everybody's favorite whipping boy.
Gold prices shed some 20% last year and, to hear the mainstream media tell it, they'll lose another 20% this year.
Well, these armchair prognosticators are wrong. Gold is going to rebound this year.
I'll give you four reasons why:
- Gold prices have already taken the market's hardest punch. If they haven't already bottomed, they're close.
- Fed tapering won't be as bad as everyone thinks.
- Trouble in the Eurozone and Asia will increase the risk profile of the global economy and prompt another round of stimulus.
- Demand is set to rise.