Long-term Gold Forecast.
Aggressive Play in Gold: Direxion Daily Junior Gold Miners Index Bull 3x Shares ETF.
Less-Aggressive Play in Gold: Taseko Mines.
Long-Term Gold Forecast
Based on the EMA2 Trade Live Analytics’s proprietary Variable Changing Price Momentum Indicator (VC PMI), I analyzed levels of supply and demand for gold that I expect to see for the twelve months from September 28, 2017 to September 28, 2018. The outlook is bullish and there are two excellent aggressive plays to take full advantage of the forecast: Direxion Daily Junior Gold Miners Index Bull 3x Shares ETF (NYSEARCA:JNUG) and Taseko Mines (NYSEMKT:TGB).
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