Gold Prices: Big Investors Turning Bullish Could Send Gold Soaring

These Investors Are Bullish on Gold Prices

Gold prices continue to trend higher, with the yellow precious metal up well over 25% year-to-date. Don’t think that’s all, though. Gold prices could soar significantly from here.

Here’s what you need to realize: gold prices took a hit between 2013 and 2015 because deep-pocketed investors—institutional investors—ran for the exits.

These investors didn’t believe in gold. Their thinking was simple and naïve. They thought the metal was useless and had no spot in a portfolio, as interest rates were expected to go.

Gold Prices: Big Investors Turning Bullish Could Send Gold Soaring

could soar significantly from here.

Here’s what you need to realize: gold prices took a hit between 2013 and 2015 because deep-pocketed investors—institutional investors—ran for the exits.

These investors didn’t believe in gold. Their thinking was simple and naïve. They thought the metal was useless and had no spot in a portfolio, as interest rates were expected to go.

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You should also know that Bill Gross isn’t the only big institutional investor who’s had a change of heart regarding gold prices. Jeffrey Gundlach, the chief executive of DoubleLine Capital, oversees $100 billion in assets and he’s turning bullish on gold as well.

Gundlach said that his firm holds gold and gold miners and that he considers gold a safe-haven investment. Gundlach added that gold miners are the best alternative to Treasuries. (Source: “‘Sell everything,’ DoubleLine’s Gundlach says,” Reuters, July 30, 2016.)

George Soros is also bullish on gold prices. He’s known as “the man who broke the Bank of England.” After a long time off trading, the legendary investor is stepping back in again. Soros Fund Management LLC, which manages $30.0 billion in assets, owns gold mining companies. (Source: “A Bearish George Soros Is Trading Again,” The Wall Street Journal, June 9, 2016.)

The post Gold Prices: Big Investors Turning Bullish Could Send Gold Soaring appeared first on Profit Confidential.

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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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