The Phaserl


Gold Update: More Upside Left for Gold Bullion

by Sasha Cekerevac, Investment Contrarians:

One of the keys to investing that I have tried to convey to my readers is the importance of market sentiment. Even if the long-term fundamentals remain strong, over the short term, shifts in market sentiment will cause prices to become quite volatile.

As I pointed out many times over the past couple of months, gold bullion was becoming increasingly attractive to me. While we continue to see strong demand for physical gold, the massive amount of selling through exchange-traded funds (ETFs) and hedge funds created a shift in market sentiment from positive to negative, causing a very large amount of selling pressure.

My point at the time was that the key to a reversal in gold prices would be to watch for a shift in market sentiment. We’ve clearly seen that over the past few weeks, in addition to international geopolitical tensions that are causing investors to flee to safety in gold bullion.

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