According to the expert, there is still a bullish trend on the gold market. Of course, even during a rally, investors should be mindful of short-term corrections and not panic when they do. This is not unusual, even if the price falls frequently and sharply. “I suggest that those investors who are constantly worried about the strong volatility of the gold price, leave this market. This is a part of the gold market, you need to live with it, ”- said Rick Ruhl.
Overall, he believes the commodity market looks promising and promising. "If the current favorable economic climate continues, then the short-term outlook for the commodity business looks good." However, he believes that the economic recovery from the coronavirus crisis could slow down.
“But you need to understand perfectly well that over the past ten years, investments in geological exploration, construction and development of new fields have sharply decreased. For this reason, there will be a shortage of industrial raw materials on the market for the foreseeable future. This means that we will almost certainly - sooner or later - see the kind of trading in industrial raw materials and energy resources that we saw on the bull market in 2000-06 or 2007, ”the expert expressed this point of view. If economic growth continues, the investment in commodities will pay off quickly.