100 MILLION NEW INVESTORS WHY THE GOLD MARKET MAY SOON HAVE 100 MILLION NEW INVESTORS
GOLD'S PULLBACK IS A GOOD ENTRY POINT
The expected extra demand from Islamic investors coincides with gold's recent pullback from its 2016 rally. It's down 12% from its August highs (and has lost 5% since Donald Trump won the U.S. presidential election), but is still up 14% for the year.
There are still a lot of catalysts for gold prices to climb higher. Central banks' zero interest rate policies, global currency instability and global political uncertainty -- including the Brexit vote and the U.S. election aftermath -- all add to gold's allure.
This all indicates that gold's recent weakness is just a pullback in an historic, and ongoing, gold bull market.
And an extra 100 million Islamic investors, with trillions of dollars in assets, are about to jump in the gold investment pool. So, now's the chance to buy gold at lower prices.