An interesting observation, gold stocks were down on Friday, they were also down on Thursday, in fact they had a sell-off at the very end of the day. I think the last 2 percent rise in the price of gold we had about a 4 percent drop in gold prices. Now, gold stocks rose early on and they did a very good job of forecasting this gold rally. So, the question is, are gold stocks now actively forecasting a sell-off, a profit taking or a correction in the gold rally? That is possible and if that is the case that is going to be a great buying opportunity because I do not think the correction will be very long lived or that deep and I do expect much higher prices later in the year. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))
- ► 2018 (87)
- A Gold Correction Will Be A Great Buying Opportuni...
- Gold Is Still Trending Up
- Greenspan Expects Stagflation, Bullish On Gold Pri...
- The Stock Market Is Going Way Down In Gold Terms
- U.S. Economy: We Have To Allow This Economy To Res...
- Inflation Has Already Surpassed Yellen's Target
- The Federal Reserve Knows Another Crisis Is Coming...
- The Largest Debtor Nation in the History of the Wo...
- Markets: Gold Miners, Australian Dollar
- Traders Are Overlooking The Contractionist Impact ...
- U.S. Stock Market or the U.S. Dollar: One Is Going...
- U.S. Stocks Are Very Expensive
- Markets: U.S. Dollar, Gold and the U.S. Stock Mark...
- The Bullish Case For The Euro Currency
- Federal Reserve: Will They Raise in March? Probabl...
- The U.S. Debt Bomb Is About To Explode
- Trump Desires a Weaker U.S. Dollar
- U.S. Dollar: The Worst January in 20 Years!
- ▼ February (18)
- ► 2016 (252)
- ► 2015 (344)
- ► 2014 (429)