The recent surge in the gold market suggests in terms of technical analysis, the metal could rise a further 13% from current levels to the level of $ 1,400 by April - says economist Harry S.Dent - on AMarkets materials.
The expert says that when gold reaches $ 1,400 mark, it will be necessary just to sell it. This will be the peak - maximum above which the metal is not exactly jump. Increased metal in the range of $ 1050- $ 1255 suggests that the metal will continue to grow. Around $ 1300 you can see in the beginning of April. In principle, says the expert feasibility and safety would have to sell gold at around $ 1,300. Since the summer-autumn will decrease in value of the metal. Great risk of falling to the level of $ 700 to the top-middle of 2017.
Gold rose by 18% year on year against the backdrop of central banks cutting interest rates around the world and start mitigating monetary policy. According to Dent, the US economy has already entered into a recession almost in the background of negative dynamics peyrols. The stock market can still grow a little, according to experts, before the fall to 3-year low - 1600 or below. The expert sees an opportunity for the S & P 500 take up to 1975-2040. The fall is expected in the segment of the end of March-beginning of July.