Gold just hit a 6½-year high, and some analysts think the rally is far from over (via TradingNation)
There's a golden opportunity in the precious metal right now, and it's not going away.
Piper Sandler chief market technician Craig Johnson thinks gold has another 12% to go. He notes that stocks have stabilized and were rising with gold — an "interesting" trend to note — and that charts of gold point to even more gains. Boris Schlossberg, managing director of FX strategy for BK Asset Management, also points out that gold had been rising before tensions with Iran. He attributes it to the Fed, and believes that a further gold rally will depend on the central bank's balance sheet.
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