Buying Gold During a Pullback
Date Posted: September 4, 2018
Read time: 0 min
If you look at a 20-year gold chart, you'll see that the yellow metal began a long-term uptrend starting in 1998, but for the past five years, the price has been pulling back.
If you look at a 20-year gold chart, you’ll see that the yellow metal began a long-term uptrend starting in 1998, but for the past five years, the price has been pulling back. Mike Matousek, head trader at U.S. Global Investors, calls this a textbook example of a buying opportunity during a pullback. Although it can be hard to determine if gold has finally found a bottom, now could be the time to increase your gold exposure before prices potentially rebound.
For Mike’s full explanation, watch the video below!
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All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
