Monday, March 2, 2015

Gold Stocks: They Can Rally Even If Gold Goes Sideways

I actually bought a mining ETF recently. Gold stocks have gone down a whole lot more than gold and sometimes you can make money on those stocks or you should be buying them anyway in situations like that because they can go up even if gold goes sideways, they can go up even if gold goes down just because they got beaten up so much.

Related ETF: Market Vectors Gold Miners ETF(NYSE:GDX),

Related stocks:  Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Novagold (NG), Kinross Gold (KGC), Randgold Resources Ltd. (ADR)(NASDAQ:GOLD)


Sunday, March 1, 2015

Gold: I Expect The Correction To Continue

I expect the correction to continue. I Expect another opportunity to buy gold in the next year or two and if so, I hope I am smart enough to buy it. If America goes to war with Iran, or something, I would be begging to buy it at 1600. But I expect another opportunity to buy gold in a decline sometime in the next year or two.

Related stocks: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)

Related Exchange Traded Funds: SPDR Gold Trust ETF (GLD),
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