Our regular readers know that we have been bullish Gold and Precious metals for quite some time now and that we fully benefitted from the first two legs of the Gold rally.
The price action of the past few days , and in particular the close above 1’600 yesterday opens the way to the third leg of the Gold Bull market with a target price in March at between 1700 and 1750
XAU – Gold Oz
To play Gold, we would in fact rather invest in the DIREXION GOLD MINER 3X ETF. listed in the USA under the ticker NUGT US which gives a higher sensitivity to the whole move and a target of at least US$ 45
Beyond Gold itself, we are much more bullish long term on SILVER and PLATINUM
Silver has been underperforming Gold considerably in the past months and the GOLD/SILVER ratio is at almost an all-time high of 89 times. Usually, SIlver tends to catch-up in bull markets.
We have a target of between 21 and 22 for the short term + 20 % from here, amd a much higher target for the longer term.
XAG – Silver Oz
Our preferred investment is Platinum though with an initial target price at US$ 1200 and a long term target closer to 1500