Gold bull market still ‘mid-cycle,’ could reach $6,750 by U.S. Midterms: MKS PAMP | Metals Mine

  • Gold bull market still ‘mid-cycle,’ could reach $6,750 by U.S. Midterms: MKS PAMP

    From kitco.com

    Gold prices have pushed back to $5,200 an ounce but still remain well below January’s all-time highs near $5,600 an ounce. While some investors are starting to question gold’s long-term momentum during this consolidation period, one market analyst said that, by historical standards, the current bull market is still fairly young. In her latest precious metals report, Nicky Shiels, Head of Research and Metals Strategy at MKS PAMP, looked at the five gold bull markets of the last 50 years. Given the current momentum, she said that gold and silver prices have room to move higher this year. She noted that this current ... (full story)

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