I Expect An Explosive Move In Gold Reaching All-Time Highs In 2018 (Avi Gilburt)
The current bull market should last through 2021.
Why I'm not worried about a correction until the S&P breaks 4000.
Why gold is ready to break out and will do so with power.
Bitcoin expected to break $30,000 before 2018 is over.
Why sentiment beats fundamentals and technicals every time.
Avi Gilburt is a leading contributor on Seeking Alpha and one of 21 Seeking Alpha Contributors participating in the January 2018 DIY Investing Summit (Jan. 22-26).
His interview is titled "I expect an explosive move in gold reaching all-time highs in 2018." I asked Avi what his long-term views are on gold (GLD). According to his Elliott Wave analysis, Avi believes we are on the cusp of a decades long bull market for gold.
How big of a deal could this be? He compares it to a similar setup and bull market prediction that was made on the Dow in the 1940s. At the time, the Dow was around 100 and today it is over 26,000. He had hoped the bull move would have materialized more in 2017. Even so, his bullish sentiment remains strong. He reminds us that the more energy a chart builds, the more energy it generates for an eventual breakout. The breakout he anticipates could lead to gold testing all-time highs before year-end.
Interview Preview:
This is just a small excerpt of what's covered in the interview. The interview is full of detailed tips on Avi's investment strategies, top advice for DIY investors, and specific ways he's positioning for 2018.
Enjoy the full interview with Avi Gilburt and other top investors on Seeking Alpha.
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Full list of summit contributors:
Chris DeMuth, Bret Jensen, Brad Thomas, Eric Parnell, Ian Bezek, Richard Berger, Dividend Sensei, Mark Bern, Mark Hibben, J Mintzmyer, William Koldus, Avi Gilburt, Alpha Gen Capital, Mike Nadel, Kirk Spano, Bhavneesh Sharma, Darren McCammon, The Fortune Teller, Philip Davis, and Colorado Wealth Management.
Disclaimer: This article is for information purposes only. There are risks involved with investing including loss of principal. Brian and Investor in the Family make no explicit or implicit guarantee with respect to performance or the outcome of any investment or projections made. There is no guarantee that the goals of the strategies discussed by Brian and Investor in the Family will be met.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.