Gold is bouncing off of support and it is looking like the time to enter into a great risk-adjusted trade. The precious metal is oversold after a couple of month selloff. The downtrend is stimulated by vaccine news and economic recovery. On August 6, gold hit its all-time highs of nearly $2,070 per ounce.
Gold is a trending trade. What we mean by that is when it moves, it really moves. As demonstrated by history, when a gold bull market presents itself, it is not an investment you want to miss out on.
Watch this full interview from Midas Letter Live to see if gold is close to rebounding back to those all-time high levels and why.