Gold prices bottomed a year ago, right after the Fed raised rates. Then, gold prices moved upwards from under $1,050 per ounce to over $1,375 by mid-year 2016. With that in mind, Byron looks back at 2016 in this week’s data shot.
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Gold rallied on the weak dollar early in the week of Aug. 15–19. Then it pulled back a bit later in the week on hawkish noise from the Fed about possible interest hikes. Gold has shown impressive resilience through a volatile period for currencies, fixed income and commodities. Stocks only seem to go up (for now), so we can leave those to one side. For now, read our thoughts on our open positions…
Tight money, a weak economy and a stock market bubble is a classic recipe for a stock market crash. It's time for you to go into a defensive crouch by selling stocks and reallocating assets to cash, Treasury notes, gold and gold mining shares. In particular, gold will be the big winner when the Fed suddenly realizes its blunder and has to pivot quickly to ease, probably by late summer. The time to position in gold is right now. For now, here are our latest thoughts on our open positions…
With cash offering low yields, stocks and bonds both in retreat and emerging markets in turmoil, investors turned to gold as the one sure bet that would retain value. This safe-haven demand combined with strong supply/demand fundamentals in the physical bullion market and the coming election uncertainty will push gold prices higher in the weeks ahead.
The slump in gold and silver prices continue as rising global tensions strengthen the dollar. But as Byron explains, we are on the cusp of rising gold prices when trade tensions ease and the dollar weakens. Investing now at such a low price point entry will create wealth for savvy investors when the price turnaround begins.
A temporary reversal in trends is the pause that refreshes. Entry points in gold, silver and mining stocks just got better because the crowd is drinking the happy talk Kool-Aid. We've got some fabulous recommendations to take advantage of an improved entry point. When fundamentals reassert themselves, our portfolio is poised to outperform. For now, read our thoughts on our open positions…
Although headlines are reporting that Chinese manufacturing is weakening, copper imports and demand in China remain high. As China uses over half of the copper in the world, this is good news for copper projects, including positions in our portfolio. This week, Byron gives his insight on the state of copper and how continued demand will benefit strong projects and a major upside in the mining sector.
