Buy Gold in 2015
The dynamics around gold are changing here at the end of 2014, and I expect the factors that support gold to gain greater weight in 2015 against the factors that have driven it downward through 2013 and 2014. Risks remain for further downside, but they are less pronounced, so long-term investors should again consider buying and holding gold here. I have held a short opinion against gold since September 5 of this past year, but this report should serve as formal notice of a shift in my view. I see gold okay to hold here for the long-term, and see the precious metal carrying the potential to spike higher at any moment. See Gold Outlook for 2015 – Buy & Hold Here. SPDR Gold Trust (NYSE: GLD), Sprott Physical Gold Trust (NYSE: PHYS), Direxion Daily Gold Miners Bull (NYSE: NUGT), Market Vectors Gold Miners (NYSE: GDX), iShares Silver Trust (NYSE: SLV).
Labels: Gold, Gold-2014, INDUSTRY-Gold
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