My Favorite Way to Play Gold's 20% Upside Potential
May 22, 2020 at 05:00 AM EDT
Gold is trading higher by about 15% year-to-date; a global pandemic and widespread economic destruction will tend to drive investors toward the safe havens. And with no end date on COVID-19 and the increasing likelihood of a lurch down to March lows, there's plenty of headroom for more gold gains. And that makes right now the perfect time to make this smart move. For the past month or so, gold has been trading around $1,700 and $1,775. In fact, our Chris Johnson believes $1,700 is a technical floor, or a "launch pad" from which gold can rocket higher - 15% or even 20% from here. So yes, this is the right time to own gold. But you don't have to be content with those profits alone. The post My Favorite Way to Play Gold's 20% Upside Potential appeared first on Money Morning - We Make Investing Profitable . Make sure you're holding these gold shares before gold moves another cent higher... Tags: Gold To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.