Gold, "unloved in 2013," is what's working now - Wealth Managers

3 experts on CNBC detail bullish forecasts as metal logs strong January

With gold showing surprising strength in the first month of 2014, some investment pros are predicting a reversal of fortune for the precious metal this year. With turmoil in the emerging markets, uncertainty from the Federal Reserve's tapering, and volatility in the stock market, this year looks a whole lot better for gold than 2013:
Barratt's Bulletin: "When you look at last year's very disappointing performance of the precious metal, it's nice to see that we've come into 2014 with a bit of bark," said commodities expert Jonathan Barratt in a Jan. 29 appearance. "So I'd like to think that all of the weak longs are out of the market and we should see a little bit of a trend higher, so $1,280 is what we're looking at at the moment. A break though that and we'll consolidate some gains and see it trade a little bit higher."
JJ Burns & Company: What's working so far in 2014? "Gold, gold miners, precious metals -- what was unloved in 2013," President and Chief Investment Officer JJ Burns said on Jan. 29. "Gold going down, miners have hit a bottom. And those stocks which you can play by individual, you can go look atGDX, which is an ETF, you can look at those and they're up 9% to 13% so far this year. The No. 1 performing asset class. ... I think it will continue."
Peak Theories Research: "The charts right now are suggesting asset class confusion and conflict," noted founderAbigail Doolittle in a Jan. 29 commentary. "On the one hand, gold and bonds look ready to rally. I think we will see the 10-year (Treasury bond's yield) move down to 2.5% and I think we could see gold rally up significantly. On the other hand, stocks look like they're about to sell off. I think we are really seeing a repricing of risk this year which suggests further volatility ahead. ... We are seeing a repricing of risk, seeing investors re-evaluate where they were in 2013, coming back off the risk curve. We are seeing some of the repercussions, the volatility from the Fed's highly accommodative policy, the other central banks. As a result, we are seeing stocks sell off and gold and bonds rally. And I think that we probably see that dynamic continuing."

More information can be found online at http://www.goldbullionadvisors.com