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Why I Remain Bullish on Gold When it’s Down and Out
by Michael Lombardi, MBA
Profit Confidential
Now, more than ever, basic economic factors suggest the gold market is setting up for massive rewards. Give it some time and don’t be shocked to see gold prices move violently to the upside over the next few years.
Gold Marker’s Supply Side Crushed
Economics 101 suggests that when prices are low, manufacturers don’t have much incentive to produce more. This is exactly what’s happening in the gold market. Gold producers have been shutting down operations as gold prices have come down. But they are creating problems for themselves for the long term.
In 2014, U.S. gold mine production declined by eight percent. In 2015, I wouldn’t be surprised to see it plunge.
Continue Reading at ProfitConfidential.com…
Source: http://financialsurvivalnetwork.com/2015/06/why-i-remain-bullish-on-gold-when-its-down-and-out/?utm_source=rss&utm_medium=rss&utm_campaign=why-i-remain-bullish-on-gold-when-its-down-and-out
