Gold prices are officially entering correction territory as gold continues to head toward its ultimate bottom.
It's been another gold meltdown, frustrating the bulls to no end and finally entering a correction.
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Gold
Why the Biggest Weight on Gold Prices Could Be Its Next Catalyst
Last week I made the case for gold prices finally finding their bottom, but the market would have nothing of it.
The pain wasn't over, as the resource space as a whole took a hit while the dollar rallied once again.
But what's hurt the price of gold over the last few weeks could be its next catalyst...
The Price of Gold Has Bottomed and We Now Expect a Strong Rally
Gold's strong negative sentiment may have finally run its course.
Going back to early April, the price of gold has lost a total of $110. The relentless selling pressure lasted close to three months.
A counter-cyclical rally in the U.S. dollar, leading to a rise in the U.S. 10-year Treasury, attracted safe-haven money to cash over gold.
But now that drop appears to be over. And that means a strong rally in gold prices is imminent...
Gold Prices Are Too Cheap Now, Creating One of the Best Buying Opportunities on the Market
Gold prices are nearing a six-month low, the culmination of a downtrend kicked off by the latest Fed rate hike on June 13, but that's creating the best buying opportunity of any asset class right now…
That doesn't mean it will turn tomorrow and start rallying, but the risk associated with buying now is low.
I simply don't expect gold prices to remain this cheap for long...
Why Gold Prices Are Making the Metal a Great Buy
Gold prices took another beating last week, but sentiment may have finally hit an intermediate-term bottom.
That was actually predictable, and it could make right now one of the best buying opportunities you'll see…
These Charts and Miners Prove Gold Investors' Patience Is About to Pay Off Big Time
The patience of gold bugs is being tested – and I mean severely tested.
You have to be a true yellow-metal diehard to put up with this kind of abuse.
Yet they say good things come to those who wait.
Well, gold seems to have gone nowhere since 2013. In fact, the precious metal rose to $1,900 in 2011, then corrected to $1,200.
In late 2015, however, it bottomed at $1,050 and has been climbing on balance since. Gold stocks have done the same, bottoming shortly after, then rallying sharply. Despite their pullback from mid-2016, they're up nearly 80%.
I'd argue they're building up energy to spring much higher, as conditions continue to favor much loftier prices for the entire sector.
Don't Sweat Gold Prices; the Next Rally Is Almost Here
Gold prices took a hit at the end of last week. But now isn't the time to worry.
We know higher rates are a long-term catalyst for the price of gold.
While this last week was brutal for gold traders, it's setting the stage for a gold price boom...
Here's Where the Price of Silver Is Heading After the June FOMC Meeting
The price of silver is up 3.4% in the past week, while gold has trended sideways.
The Fed's FOMC meeting this week is what silver investors are watching now.
There are strong odds the Fed will announce a rate hike this week.
The market is interpreting that as confidence in sustained economic strength and inflation moving closer to the 2% target.
Gold Prices Are Getting a Much-Needed Catalyst This Week
Gold prices need a catalyst to lift them out of their trading rut.
And they'll get exactly that this week, which could be just the push gold needs to breakout higher.
My Favorite Gold Company Doesn't Own a Single Shovel
Every now and then an idea comes along that revolutionizes an entire industry. Today we call that "disruption."
But disruption can happen on a number of levels. Sometimes it can be so subtle it takes years or even decades to be fully recognized for what it is.
It doesn't always have to be groundbreaking either – often it's simply a tweak or a re-think of an existing idea that just… opens the floodgates.
And nothing is ever the same again.
That's exactly what happened to the world of resource financing in the early 1980s, when the royalty business model, then commonplace in oil and gas, was applied to the gold mining sector.
A brand-new, high-profit investment was born.
Today, royalty/streaming companies thrive, and so do their investors.
It's an investing segment no investor can ignore – especially now, at the start of a secular gold bull.
Over the next few years, royalty/streamers will be generating fortunes for those shrewd enough to claim a stake right now.
This is the perfect time to pick up shares in the leader I've got in mind...