This calm period shows what is possible for the price of gold. Gold can — and usually does — go up in the face of rising interest rates.Gold Stocks
This calm period shows what is possible for the price of gold. Gold can — and usually does — go up in the face of rising interest rates.
The Middle Island Resources Limited [ASX:MDI] share price has climbed 33.33% higher today. Find out why
Newcrest Mining Ltd [ASX:NCM] dropped 6.4% to a low a $23.53 this morning. The stock is still up close to 17% year-to-date. But, has the gold miner taken a turn for the worse? 
Resolute Mining Ltd [ASX:RSG] is a gold miner operating mines in Africa and Australia. This morning, RSG dropped 6.69%, to a low of $1.25.
Today I’m going to take a look at the gold price. It’s dropped off the radar a bit lately, despite the yellow metal having a pretty good run so far in 2017.
Shares of St Barbara Ltd [ASX:SBM] gained more than 5% today as the stock continues to rebound from a recent slump. It closed at $2.64. It’s now up 70% for the year.
The good news is that most Aussie gold stocks are financially-sound companies. They have little to no debt and lots of cash, thanks to a strong Aussie dollar gold price, which translates into strong cash flows.If stocks rally in the fortnight ahead, look to go short. If gold pulls back, there could be a great short-term buying opportunity.
If you’ve ever traded gold, you know how wild the price swings are. Here, Jim has laid out the key events behind the gold price for 2017.
We can’t be certain, but gold could start nosediving soon. If you want to prosper, I recommend shorting gold and/or buying a certain type of gold stock.