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The Venture And Gold Entering 2017 - BullMarketRun.com

January 1, 2017

The Venture And Gold Entering 2017

Happy New Year again on this first day of 2017!

Our January 1, 2016, predictions for both the Venture and Gold were bang-on.  Hopefully we’ll be as lucky this time around, though discerning the markets with so many volatile political dynamics – not just in the United States but elsewhere – is a challenging task indeed.

Venture Update

Last year, one of the most encouraging signs in the final quarter was the resilience of the Venture in the face of a fresh wave to the downside in commodities.  This year, another bullish 4th quarter anomaly was how the Venture held up so well against a big drop in Gold and a powerful run to 14-year highs in the U.S. Dollar Index.

The Venture fell just 4.8% in Q4 despite a 12.5% drop in the price of Gold and an 18.5% decline in the TSX Gold Index.  The Venture’s pullback from a high of 848 in mid-August to a low of 711 December 20 – just 3 points above the top of an exceptionally strong support band – was very consistent with previous corrections during bull markets.

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