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Gold is trading higher by about 15% year to date; a global pandemic and widespread economic destruction will tend to drive investors toward the safe havens.
With no end date on COVID-19 and the increasing likelihood of a lurch down to March lows, there's plenty of headroom for more gold gains.
And that makes right now the perfect time to make this smart move.
For the past month or so, the resurgent bull market has helped push the yellow metal into consolidation mode, trading between $1,700 and $1,775.
Now to the average investor, that's not terribly exciting. It's a little flat. But on the charts, $1,700 is absolutely electrifying.
See, $1,700 is a technical floor, or a "launch pad" from which gold can rocket higher – 15% or even 20% from here, I expect.
So yes, this is the right time to own gold. But you don't have to be content with those profits alone.
About the Author
Chris Johnson is Quantitative Specialist for Money Map Press. He's obsessed with building and perfecting mathematical models that allow him to predict, with startling accuracy, the direction of the markets, entire sectors, and individual securities. For the last year, he's been researching and building a new system that lets him move swiftly in and out of the hottest stocks in the market for life-changing gains - entirely on his own terms. The results of his newly-minted Night Trader system are nothing short of amazing.