What's Next For Oil and Gold?

A couple of weeks ago I said that I liked gold. I said I was long gold. I told you to buy gold because the fundamentals were bullish and it would go up. Well, that's exactly how it worked out. Now I see a lot of people coming into gold who I would call fair weather gold investors. They rush into the metal when it looks good; when prices are rising. They didn't buy the dips like I did and they didn't ride through the downturns when so many were saying that gold's move was over.

You have to understand what drives gold and I certainly do. I was completely confident in my position during the times when it went against me because I knew it would turn around. I have been long gold basically since December 2015, when the Fed first began to raise rates. Each rate hike since then, as others sold, I told you to buy. I said that rate hikes were inflationary and therefore not harmful to gold. On the contrary, rate cuts are gold's "Kryptonite." That's because rate cuts are price cuts. People always seem to get that wrong....590 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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