Changing Markets and the Price of Gold
As the chart of gold prices after the Financial Crisis of 2007-08 shows, the gold price really didn't take off until the beginning of 2009. Why the delay? I suppose that it takes some time for normally bullish investors to accept that the party is really over. Human nature and Wall Street like it best when stocks prices go up. It took millions of people losing their jobs and their homes to convince the average investor that things were indeed very bad.
Are we now back to such a point of distress in both the markets and the economy? If so, when will we see gold prices move solidly back to the upside? Gold had a nice pop today but history suggests that the real trend will start later in 2016.