Gold: The Next Top Performing Asset to 2020 and Beyond
The Elliott Wave Principle says market prices move in recognizable, repeating patterns and that reflect the inherent herding behaviour of crowds. Elliott discovered that these cycles appeared at every time scale and, while they were repetitive in structure, they were not always repetitive in amplitude or the time taken to form.
Applying this principle, bullish sentiment moves prices up in five moves of alternating peaks and valleys, eventually pushing price of gold to a new high. This is followed by three bearish moves pushing prices lower.
Gold has hit the bottom of its recent down cycle and the price gains it has made since 2016 are forming a new substantial upward trend. The US dollar price of gold is in an uptrend with a bullish Elliott Wave structure.
Today, the best investment opportunity is gold, which will be a top-performing investment over the next three to five years.
Gold is one of only a few asset classes that will maintain value during times of financial crisis. It has done so in the past in its role as the preferred safe haven.
Stockholders should note that the current rally is likely the last chance to liquidate holdings, and gold’s current price drop is a buying opportunity.
There are times when making money in stocks should not be a priority; the main goal now should be to sit tight with cash and wait for the next entry into gold. Do not listen to the so-called experts who advocate being fully invested in stocks, today. If you have not made your fortune in the last 7 years’ stock market run, you are not going to now.