{"id":69883,"date":"2015-03-20T12:07:32","date_gmt":"2015-03-20T16:07:32","guid":{"rendered":"http:\/\/countingpips.com\/?p=69883"},"modified":"2015-03-20T12:07:32","modified_gmt":"2015-03-20T16:07:32","slug":"why-arent-these-investors-worried-about-the-gold-price","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/03\/why-arent-these-investors-worried-about-the-gold-price\/","title":{"rendered":"Why Aren\u2019t These Investors Worried About The Gold Price?"},"content":{"rendered":"<div id=\"inves-95110382\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">March 20, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><h4>By Jeff Clark, Senior Precious Metals Analyst,\u00a0<a href=\"http:\/\/www.caseyresearch.com\/go\/ui755-2\/PIP\">caseyresearch.com<\/a><\/h4>\n<p>Have you noticed that some gold investors don\u2019t seem very concerned about the current behavior of gold?<iframe loading=\"lazy\" src=\"http:\/\/trk.caseyresearch.com\/f\/?content_id=1215&amp;code=PIP&amp;editorial=why-arent-these-investors-worried-about-the-gold-price-1\" width=\"1\" height=\"1\" frameborder=\"0\"><\/iframe><\/p>\n<p>While the price remains weak and range-bound, some gold investors don\u2019t seem worried about it at all.<\/p>\n<p>The natural reaction to an asset you own losing a third of its value, with seemingly little motivation to move higher, is cheerless and maybe even depressing. So why aren\u2019t they?<\/p>\n<p>Are they out of touch? Perhaps have nothing at stake? Are they the kind of investors that would go down with the ship?<\/p>\n<p>Or do they know something we don\u2019t?<\/p>\n<h3><strong>Gold\u2019s Cycles<\/strong><\/h3>\n<p>The resource markets are well known for moving in cycles, probably more than most other markets. Raging bull market, crippling bear market, repeat. This includes gold and silver.<\/p><div id=\"inves-1563559174\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>Yes, catalysts can impact the price along the way\u2014a big discovery, government interventions, and good ol\u2019 supply and demand. But the context that determines how the price ultimately performs in a given period is <strong>where we are in the cycle.<\/strong><\/p>\n<p>Cycles never repeat with the same length or breadth, but they distinctly boom and bust, over and over again. The data doesn\u2019t tell us exactly when gold\u2019s next upcycle will get underway, nor how big it will be, but it does tell us this: <strong>another bull cycle is coming.<\/strong><\/p>\n<p>We charted the major cycles for gold and silver from 1975\u2014when gold again became legal to own in the US\u2014to present.<\/p>\n<p>Here are gold\u2019s cycles.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.caseyresearch.com\/go\/ui7ny-2\/PIP\" target=\"_blank\"><img decoding=\"async\" style=\"max-width: 600px; width: 100%; height: auto;\" src=\"http:\/\/d1w116sruyx1mf.cloudfront.net\/ee-assets\/channels\/article_default\/GoldsCurrentDownCycleAboutAverageNextCycleIsUp.png\" alt=\"\" width=\"600\" \/><\/a><\/p>\n<p>Since 1975, gold has logged eight major price cycles. While no two are identical, our recent downcycle has been one of the longest on record. It\u2019s also been slightly bigger than the average percentage decline.<\/p>\n<p>Regardless of the nominal price, gold has repeatedly cycled between bull markets and bear markets.<\/p>\n<p>Given the prolonged nature of the current bear market, history suggests that the current down cycle is about over. It doesn\u2019t mean the next bull market will start tomorrow, but it does indicate that the next <em>major<\/em> cycle will be up, regardless of short-term fluctuations.<\/p>\n<p>Silver also has prominent cycles.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.caseyresearch.com\/go\/ui7rz-2\/PIP\" target=\"_blank\"><img decoding=\"async\" style=\"max-width: 600px; width: 100%; height: auto;\" src=\"http:\/\/d1w116sruyx1mf.cloudfront.net\/ee-assets\/channels\/article_default\/SilversCyclesAreMoreVolatileUptrendIsNext.png\" alt=\"\" width=\"600\" \/><\/a><\/p>\n<p>In terms of percentage decline, silver\u2019s recent downcycle is the second biggest on record. This is a strong indication that silver\u2019s bottom is in.<\/p>\n<p>And like gold, the picture shows that the next big cycle is up.<\/p>\n<p>So what does all this mean to us? Setting the timing aside, history says\u2026<\/p>\n<ul>\n<li>The current downcycle in the precious metals market has exceeded historical averages.<\/li>\n<\/ul>\n<ul>\n<li>Given the extent of the selloff, particularly with silver, the bottom for these markets is likely in.<\/li>\n<\/ul>\n<ul>\n<li>The pattern of market cycles means the next <em>major<\/em> trend for our industry is UP. We don\u2019t know when, but history says it is coming.<\/li>\n<\/ul>\n<p>In other words, the gains ahead could be tremendous. <strong>Preparing now for the next upcycle is key to your future wealth.<\/strong><\/p>\n<p>Those unworried gold investors are very cognizant of these historical patterns. Not only do they know another bull cycle is coming, but given the extent of the selloff and the monetary malfeasance of governments the world over, <strong>they fully expect to become wealthy from it.<\/strong> They\u2019re positioning their portfolios <em>right now<\/em> in anticipation of a major shift in wealth.<\/p>\n<p>You can hear what they\u2019re doing in our online event <a href=\"http:\/\/www.caseyresearch.com\/go\/ui7c2-2\/PIP\" target=\"_blank\"><em>Going Vertical<\/em><\/a><strong>.<\/strong> Eight stars of the mining industry and seasoned resource investors discuss the historic opportunity the current market offers and the best ways to prepare your portfolio for a shot at true wealth when the gold market inevitably rallies again. Watch Franco-Nevada\u2019s Pierre Lassonde\u2026 Casey Research Chairman Doug Casey\u2026 Pretium\u2019s Bob Quartermain\u2026 Sprott US Holdings Chairman Rick Rule\u2026 Aben Resources\u2019 Ron Netolitzky\u2026 US Global Investors CEO Frank Holmes\u2026 and Casey Research metals experts Jeff Clark and Louis James. Don\u2019t miss this free special event\u2014<a href=\"http:\/\/www.caseyresearch.com\/go\/ui7f3-2\/PIP\" target=\"_blank\">watch <em><span style=\"text-decoration: underline;\">Going Vertical<\/span><\/em> now!<\/a><\/p>\n<p>&nbsp;<\/p>\n<div id=\"xvMdV95u77zU\" style=\"clear: both;\">The article <a href=\"http:\/\/www.caseyresearch.com\/go\/ui724-2\/PIP\" rel=\"permalink\">Why Aren\u2019t These Investors Worried About The Gold Price?<\/a> was originally published at <a href=\"http:\/\/www.caseyresearch.com\/go\/ui755-2\/PIP\">caseyresearch.com<\/a>.<\/div>\n<div style=\"clear: both;\"><\/div>\n<div style=\"clear: both;\"><\/div>\n<div style=\"clear: both;\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Jeff Clark, Senior Precious Metals Analyst,\u00a0caseyresearch.com Have you noticed that some gold investors don\u2019t seem very concerned about the current behavior of gold? While the price remains weak and range-bound, some gold investors don\u2019t seem worried about it at all. The natural reaction to an asset you own losing a third of its value, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-69883","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/69883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=69883"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/69883\/revisions"}],"predecessor-version":[{"id":69884,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/69883\/revisions\/69884"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=69883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=69883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=69883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}