Since late 1971, gold has increased at a compound annual rate of 9% a year. But when gold is trading above its moving average, your wealth compounds at 18% a year
The bull market in gold is 100% back.
Wait, how do we know? What does a bull market in gold look like? And even better... how much money can we make?
Let me answer those questions for you today...
From 2000 to 2011, gold was in an incredible bull market. But after rising for 11 straight years, gold peaked at around $1,900 an ounce in August 2011.
It then fell to around $1,600. And for the last 11 months, gold has been downright boring, drifting around $1,600 an ounce.
But that has changed... Two weeks ago, the Fed essentially told us that it's willing to print more money when needed. This causes the price of gold to rise... You see, when there are more dollars out there, and the same amount of gold, it takes more dollars to buy an ounce of gold.
And gold is finally going up again! It's in an uptrend.
The simplest, most common measure analysts use to gauge when an investment is in a new uptrend is the "200-day moving average."
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