Spot Prices and News Summary
Realtime Spot Charts
Weekly market brief: A multi-year bull market
04/20/2014 A sharp sell-off from a high of 1331 led to lower-volume trading in the 1295-1305 area at the end of the week. We expect more backing and filling this week and perhaps a retesting of the 1278 recent low before the recovery continues. Fundamentals favor higher prices over the months ahead. We look for silver and mining stocks to outperform gold and continue to accumulate a balanced portfolio of miners and physical precious metals.
Contrarian Gold Stocks
“Gold stocks have lapsed back to despised status after late March’s sharp selloff. Thanks to their strong 2014 rally before that, traders were slightly warming to this abandoned sector. But despite the rekindled extreme bearishness, gold stocks remain the greatest bargain in all the stock markets. Their prices are still absurdly undervalued relative to gold which drives their profits, fantastic buys for brave contrarians.” — Adam Hamilton for Zeal. Read it all