Chris Blasi of Neptune Global shared data that he believes validates gold’s price move and shows the metal still has room to run.
The gold price has risen to historic highs, but some market participants still aren’t sure if the move will stick.
Chris Blasi, president of Neptune Global, shared data that he believes validates the yellow metal’s uptick and confirms that it has much further to run. In his view, gold is in the third leg of a secular bull market that began in 2001.
“This leg is going to show the returns that a lot of people in this community of precious metals investors have been expecting for over a decade,” he told the Investing News Network in an interview.
The data that Blasi discussed relates to Neptune Global’s PMC Index. Created in 2008, it tracks gold, silver, platinum and palladium, weighing the four precious metals according to what the company views as a balanced investment portfolio.