Weekend Edition: Three Reasons Gold Prices Are Going to Rise

(Before It's News)

investmentwatchblog.com / Submitted by IWB, on October 3rd, 2015

By JAMES ALTUCHER

Is gold off the bottom?

Our estimate is that gold has now found a bottom and is poised to move steadily upward from current levels.

For those who are fully allocated in physical gold (I recommend about 10% of investible assets), there’s nothing more to do on that front. You can just sit tight and enjoy the ride.

For those who do not have the recommended allocation to physical gold, this is an attractive entry point and a chance to top up your allocation at the best prices in six years.

It’s certainly been a long and volatile ride for gold investors. Starting from a low of about $250 per ounce in mid-1999, gold staged a spectacular rally of more than 600% to about $1,900 per ounce by August 2011. Unfortunately, that rally looked increasingly unstable toward the end.

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