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« Silver Prices are struggling to say above the $16.00/Oz level | Main | Gold Prices Taking A Breather Or Something Worse? »
Thursday
Feb142019

The Gold Bugs Index The HUI To Rock As Gold Rallies

Preamble

The precious metal market has experienced great difficulty for the last 6 years or so as gold and silver prices were beaten down. However, they are now moving higher largely due to a stock market that is in a corrective mode and a Federal Reserve that is in dovish mode. Investors in the stock market are looking to rotate into new market sectors and the Fed’s rate hike cycle looks to have come to an end removing support from the US Dollar. As the dollar weakens gold prices improve as they have an inverse relationship.

Our expectation is that the precious metals stocks will become more profitable and therefore more attractive to the investment community and could even become the “Darlings” of market as the media begins to feature them more often and without the distaste that they have for them at the moment.

With this in mind our focus is primarily on the PM stocks as conventional wisdom tells us that they can move in a ratio of 3:1 or better when a rally gains some traction. The possibility of leverage to any given trading opportunity appeals to us as it offers us the chance to maximize the profits on a particular trade.

 

 LINK

 

No rate hikes in the near future should have sent gold higher, but it didnt, gold dropped....

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

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