Bull Market? Yes, In Gold!
The best bull markets are those that grow steadily and are not originally recognized by most investors. Since September 30, 2018, gold has performed very well while stocks have languished. The 1970’s gold bull market was squashed when the Federal Reserve raised rates dramatically. With the money supply growing faster now than anytime in the 1970’s, there is very little risk of Federal Reserve tightening at this point. We believe the new gold “bull market” is in the early innings.