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.
U.S. Global Investors, Inc. is an investment adviser registered with the Securities and Exchange Commission ("SEC"). This does not mean that we are sponsored, recommended, or approved by the SEC, or that our abilities or qualifications in any respect have been passed upon by the SEC or any officer of the SEC.
This commentary should not be considered a solicitation or offering of any investment product.
Certain materials in this commentary may contain dated information. The information provided was current at the time of publication.
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