Spot Prices and News Summary
Realtime Spot Charts
Market Brief: Stirrings of a multi-year bull market
07/20/2014 The gold price lost $28 last week, setting up for a powerful rally in the weeks ahead, in our view. A reverse head-and-shoulders has formed over the past 12 months and volume has been increasing on up-days. We suggest that this is the time to buy and hold, regardless of market volatility rather than to try to trade. Shortcovering will fuel the rally, and investors not on board now may end up chasing the market, then buying high and selling low. We look for silver and mining stocks to outperform gold over the next several months, and we will be holding a core balanced portfolio of miners and physical precious metals.
Contrarian Gold Stocks
“The universally-hated gold stocks are absurdly cheap, easily the greatest bargains anywhere. And after a long year of basing, they are finally breaking out relative to the gold price.” — Adam Hamilton for Zeal. Read it all