This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
We’ve been studying the resource markets – and gold in particular – for over 30 years. And have seen almost every cycle the yellow metal has gone through.
One thing is certain in our opinion: International investors, central banks and corporations are all looking to buy gold… And these slow summer months are likely providing the best price.
On Monday, gold enjoyed its biggest one day jump in more than a year. It hit a four-week high as the precious metal staged a rebound. Gold finally broke through the $1,300 an ounce technical resistance level and finished above $1,335 an ounce.
If you’re looking to profit from a long-term investment, you’re probably not considering adding gold mining stocks to your portfolio.
Gold continues its short-term rally as assurances from Federal Reserve Chairman Ben Bernanke that QE3 remains alive kept the precious metal on track for its first weekly advance in a month.
What’s going on with gold prices?
With the price of the yellow metal near two-year lows through much of 2013, some investors wonder whether the price decline will continue.
Is this a bear market for gold or will it rebound?
The answer to why gold prices are going down today isn’t hard to find – it’s a testament to the power behind Fed Chairman Ben Bernanke.
With gold prices near two-year lows through much of 2013, a bargain-hunting Money Morning TV viewer asked us about how to invest in gold.
The last several months have been tough on gold prices, but gold bugs haven’t lost their insatiable appetite for the yellow metal. With gold officially in a bear market, demand is surging at today’s bargain prices.
