Gold is money, but it’s a different kind of money. It’s not central bank money. Gold is the exception to the currency wars.
When the interest rate hike rumours grow, which will inevitably change the sentiment, gold will reverse its trend.
When it comes to gold miners, Newcrest is something of a favourite among investors. With a cash cost well-below the current price of gold...
GDX tracks the overall performance of gold miners, where 55.4% of the companies are listed Canadian stocks. In other words, the gold euphoria has gone global.
Gold bugs believe that, when the ticking debt bomb explodes, the stock market will crash and gold will fly through the roof.
That pause you hear in the war on cash? That’s your enemy reloading with the next volley. Swiss bank UBS has warned its private clients that it may cost them to hold cash with the bank. That is not a…
Contrary to popular opinion, the first rate hike could be in June. If this happens, gold stocks are likely to start crashing soon.
That threat is one more reason to own gold, because it is not digital and cannot be hacked or erased.
In my view, if there’s no debt relief, Greece is likely to default in July. If you own gold stocks, this is a huge risk.
There’s clearly plenty of momentum. And gold will probably re-test the 2015 high of US$1,307 per ounce this week. If this happens, Aussie gold stocks should benefit.