Where gold goes from here

摘要

There are many reasons for gold's strong bull market. Once you understand the fundamental drivers of the gold bull market, you can assess the likelihood that the precious metal will continue its march higher. Throughout the last 25 years gold has had two distinctive moves, first a down move and then an up move. Spot gold closed at $850 per ounce in January 1980, and shortly thereafter the market entered a steady decline that lasted nearly two full decades, finally bottoming at $252.80 on July 20, 1999. After nearly two years of forming a base, the present bull market began in April 2001, and the market has been vaulting higher ever since.