Gold Forecast - Major Buying Opportunity Arriving in September

Gold last traded at $1,929 an ounce. Silver at $26.45 an ounce.

NEWS SUMMARY: Precious metal prices steadied Monday on a weaker dollar as the risk of rising inflation continued to attract investors. U.S. stocks rose as gains in tech shares and developments on coronavirus treatments drove the bullish sentiment.

FX EMPIRE---"Our gold forecast supporting a spike-high during the first week of August was timely, as gold peaked August 7th at $2089.20...Long-term investors may want to consider buying a pullback that nears the 200-day MA. First, let me start by saying gold is launching a powerful bull market that should extend into 2030. Governments are trapped with negative interest rates and have no choice but to devalue their currencies. With bonds yielding nothing and the potential for wide-spread defaults - the wise investor is turning to precious metals. Later this decade, we believe gold will exceed $8500 and likely challenge $10,000. However, much higher prices are possible if gold enters a secular mania phase, as we suspect. In a nutshell, it is probably a good idea to buy any significant pullback in gold for the foreseeable future. We also like silver and platinum. Physical metals (coins) are preferred as shortages will probably worsen as the bull market progresses. Finding quality bullion could be difficult or even impossible down the road."