There are interesting dichotomies when it comes to investing, and often it can depend on which source one follows. For example, entrepreneur and wealth coach Robert Kyosaki advocates that if you want to be rich, do what the rich do. Yet on the other side of the token if you are a client of top investment bank Goldman Sachs you often receive tips and information that will make you lose money since the bank itself regularly bets against the advice they give to their customers.
So with this in mind it was rather interesting this evening when we noticed that Lady De Rothschild had tweeted out two days ago that gold is poised for a rebound and why it should go higher.
And yes, this is the same Lady De Rothschild that is part of the global banking dynasty, and close friends with Hillary Clinton.Why the gold price might be set for a rebound https://t.co/UfWGkteWas— Lady De Rothschild (@LdyDeRothschild) January 26, 2017
In addition to the tweet, Lady Rothschild also cited an article by CNBC which forecasted that gold should have a pull back here at the end of January due to what is known as Quad Witching (options expiration, Fed FOMC meeting, Jobs Report, and China being off due to the week long Chinese New Year).
With the Lunar New Year holidays starting in China on Friday and markets closed next week, demand for gold will see a decline, the report said. Gold prices have drifted down a bit ahead of the Chinese festival. The precious metal is trading nearly 8 percent higher over a 12-month period but is down more than 6 percent since the U.S. elections.
"We think gold's performance, as the typical Q1 seasonal demand fades, should provide a good gauge of investor sentiment towards gold at this point." - CNBC