GOLD HAS BEEN HERE BEFORE... HERE'S WHAT HAPPENED

摘要

Forecasting where gold might be headed in a year is a taller order than normal these days. Three years ago prices were at about $1,800 per ounce, which is pretty darn good given that equity markets around the world were rallying, the U.S. stock market was already three years into its bull market and gold itself was up 155% from the 2008 crisis. Since then? It's been in a steady decline with prices now around five-year lows.