We believe that Gold price will drop below $1000 in 2017… read more to learn why:
As the price of gold and silver came down sharply, many investors are asking what the future price of gold will be. Although we do not pretend to have a crystal ball, we observe sufficient signals in the charts to make a call about the future price of gold into 2017.
In general, the precious metals market has turned very sour. Gold registered it largest loss on a weekly basis since it crashed in 2013. Moreover, gold and silver miners, said to lead the precious metals complex, have truly crashed this past weeks.
Still, mainstream thoughts, which we consider a barometer for sentiment, remain very moderate. That should be considered a bearish sign. Read full article