| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Gold Mining Stocks are Down- What’s Up?
For many years now I’ve been saying that Gold is a Crisis Hedge rather than an inflation hedge. But it is also a commodity and a monetary instrument. Thus there are a variety of factors affecting its price at any given time. Currently as the world economy continues rolling on people are less worried about catastrophe around the corner and they are beginning to believe that the FED is all powerful and can paper over any and all monetary problems with the stroke of a pen. So why worry? This has taken some of the edge off the urgency to buy gold. Plus as the stock market reaches new highs the “opportunity cost” of holding gold increases. So does this mean that gold is headed for the dustbin and is no longer a good investment? In today’s article by Sean Brodrick we will take a look at where Gold and gold mining stocks are and where they are headed. ~Tim McMahon, editor
Right now, gold is under pressure, and once-shining precious-metals explorers and developers are getting crushed like old cans.
That’s why, as you read this, I’m in Toronto at the Prospectors & Developers Association of Canada (PDAC), Canada’s biggest mining conference.
It’s the 81st gathering of explorers, developers and resource producers from all over Canada and the world, and is expected to play host to some 30,000 people from 30 countries.
Read More: http://www.stockgoldmarket.com/gold-mining-stocks-are-down-whats-up
