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EVERGREEN: What Will Stop The Gold Bull Market?

EVERGREEN: What Will Stop The Gold Bull Market?

By: Christine von Liederbach
September 1, 2020
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Article by Louis-Vincent Gave in Evergreen

Not Too Late

My close friend and partner Louis Gave, whom I’ve known for 13 years, is the furthest thing from a gold bug.  In fact, for most of the time I’ve known him he’s had a dim view of the shiny metal often derisively referred to as a “barbarous relic” or a “pet rock”.  In this regard, his appraisal has been similar to the long dismissive view of gold by Warren Buffett.  However, for both men, there has been a decided attitude shift of late. This edition of the Gavekal EVA is authored once again by my prolific colleague (Louis’ writing volume puts me to shame).  As you will see, it was originally published back on July, 20th, but for various reasons, including a desire to finish his three-part series on July 31st, we elected to defer it until now.  Our hope at the time was that it would still be relevant at this point.  Based on what Mr. Buffett just announced, one could argue it is even more so.  (If you somehow missed it, markets were shocked this week to learn of a $565 million investment by the company Mr. Buffett co-founded and still runs, Berkshire Hathaway, in Barrick Gold, one of the premier bullion producers.) Let’s get an important disclaimer out there right away: as Louis wrote, gold was, and still is, very extended thanks to a powerful rally this year that has eclipsed even the hyper-performing Nasdaq.  In technical jargon, it is one standard deviation above its 200-day moving average.  In plain words, it’s vulnerable to some serious profit-taking.  Silver, as usual in bullion bull markets, has done better yet. To read this article and charts its entirety, click here. Have Questions? Speak with a Gold & Silver Specialist. Call Now: 855-554-4853 CALL TODAY!


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Although the information in this commentary has been obtained from sources believed to be reliable, The Gold IRA Company does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice. The Gold IRA Company will not be liable for any errors or omissions in this information nor for the availability of this information. All content provided on this blog is for informational purposes only and should not be used to make buy or sell decisions for any type of precious metals.
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