The price of gold exploded upward on Friday, rising over $33 during the trading day. Shares in gold-silver miners popped upward as well. It was a good day to be invested in gold miners. For now, read our thoughts on our open positions…
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Up to now, most news that drives gold prices has been monetary, like Federal Reserve rate increases; or political, such as elections, personalities, legislation, tariffs and trade. However, now the news that drives gold is about to get military. With military conflicts dominating the news cycle recently, this type of high risk generally spooks the markets and investors favor owning gold and gold mining stocks. For now, Byron offers the latest news and his recommendations on our open positions.
As gas prices keep rising heading toward summer, inflation fears have now turned into reality. The higher prices for oil as well as other energy sources mean inflation is taking hold. One enduring means of preserving wealth in this inflationary climate is buying gold and silver. This includes investing in well-run mining companies. For now, Byron offers the latest news and his recommendations on our open positions.
Byron believes 2018 will give us the odd phenomenon of a stronger dollar, along with firmer demand and rising prices for gold. For now, he offers the latest news on our open positions.
There are many factors that move gold prices on any given day... from monetary moves by the Fed to political and military issues. Also, the strength of the dollar is a major indicator of where gold is heading. Currently, there is an array of factors working against the dollar and in favor of both rising gold prices and higher mining stock prices. For now, Byron offers the latest news and his recommendations on our open positions.
As we head toward the end of the year, markets are experiencing losses not usually seen in December. Part of it is geopolitical events and partly the tax loss selling season we have mentioned previously. As Byron explains, this is good news for bargain hunters as sell-downs in many precious metal-related companies make them great buys for savvy investors with expectations of a gold rebound in 2019.
There have been many signs that gold prices are due for a turnaround. One of the telling signs of a rebound is the current low level of an index that serves as a benchmark for investment in the commodity markets and is a measure of commodity performance over time. If the history of low levels is an indication, it’s time to get back into commodities now, before you are chasing momentum.
