GOLD 0.51% $1,391.7 gold futures

gogogogold .. good news .. gogogold, page-25

  1. 5,881 Posts.
    re: stick to miners instead of physical "Oil is going to start heading up soon with the driving season in the USA."

    Exactly why you should stay away from gold mining shares and hold physical gold and energy stocks at this time. The breakout in oil prices a few weeks ago was the first sign of an imminent $USD rally at the same time we saw gold shares underperforming the metal and the last week has seen the metal sell off. A multi month $USD rally is now a virtual certainty this will take the froth out of the gold price in all currencies, what holders of australian miners should be worried about is the strength of the Aussie dollar rally after the $USD rally falters, will gold be able to outstrip gains in the aussie dollar or will we see another period of range bound activity for the $A gold price at the same time as rising energy prices?
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.