Gold, Miners Rocket Higher
by Adam Hamilton
Zeal LLC
Gold and its miners’ stocks are rocketing higher as speculators and investors alike return to this left-for-dead sector. This sudden deluge of capital inflows has crowned gold stocks the best-performing sector of this young new year by far, shocking traders. And this stunning reversal of fortunes in both the metal and the companies producing it is only starting, so it’s exceedingly important to understand what’s going on.
Gold was inarguably the world’s most-hated investment in recent years. No one wanted anything to do with it, because no one felt any need for it. The world’s stock markets were relentlessly levitating, thanks to record easing by the world’s elite central banks. And with stocks seemingly destined to do nothing but rally indefinitely, there was little demand for counter-moving gold for prudent portfolio diversification.
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Source: http://financialsurvivalnetwork.com/2016/02/gold-miners-rocket-higher/?utm_source=rss&utm_medium=rss&utm_campaign=gold-miners-rocket-higher
