Junior Gold Stocks
After taking the latest economic hit or correction, gold has held on strongly, finding support at around the $1,100 an ounce level. There doesn't seem to be much chance that it'll change any time soon, and gold mining stocks, especially junior gold stocks, could be ready to explode upwards, as they lag the overall gold market, even though gold continues to be a long-term play.
For example, the larger gold stocks are down about 15 percent, while gold itself is up 30 percent. But for junior gold stocks, they are still down 60 percent, with a lot of room to increase, which many of them assuredly will going forward. This is as of the latter part of 2007, when noting the numbers above.
The gold bull market will be around for some time, and even though there is the possibility of interest rates being increased in the latter part of 2010, that shouldn't be near enough to overcome the economic pressures which continue to drive the price and value of gold up.
Junior Gold Stocks
Showing posts with label Gold Stocks. Show all posts
Showing posts with label Gold Stocks. Show all posts
Monday, April 5, 2010
Tuesday, March 16, 2010
Gold Stocks Surge with Gold Price
Gold Stocks Climb with Gold Prices
After gold prices exploded upward today in anticipation of the news the Federal Reserve would be keeping interest rates where they were, once the news was confirmed, gold prices increased even more, taking gold stock up with them, making a lot of investors very happy.
Large gold mining companies enjoying the resurgence were Barrick Gold (TSE:ABX) and Goldcorp (TSE:GG), which were both up over 2.5 percent on the day, gaining back what they lost last week.
With confirmation of the interest rates staying the same, we may see a nice move by gold again as everything is favoring the yellow metal at this time, with monetary policy, an inflation hedge and a place of safety all lining up to make things look good for some time to come.
Gold Stocks Climb with Gold Prices
After gold prices exploded upward today in anticipation of the news the Federal Reserve would be keeping interest rates where they were, once the news was confirmed, gold prices increased even more, taking gold stock up with them, making a lot of investors very happy.
Large gold mining companies enjoying the resurgence were Barrick Gold (TSE:ABX) and Goldcorp (TSE:GG), which were both up over 2.5 percent on the day, gaining back what they lost last week.
With confirmation of the interest rates staying the same, we may see a nice move by gold again as everything is favoring the yellow metal at this time, with monetary policy, an inflation hedge and a place of safety all lining up to make things look good for some time to come.
Gold Stocks Climb with Gold Prices
Monday, March 15, 2010
Gold Stays Level at $1,105 - Gold Stocks Mixed
Gold Prices holding at $1,100
Although gold stocks tend to move in tandem with gold prices, that isn't always the case, and today is a case in point as gold rose some while gold stocks remained mixed.
This is probably because of the sovereign debt concerns based on a Moody's report that the four-largest AAA-rated nations are in danger of losing that top rating over debt issues. Spain, while not one of the four, is considered very close to losing its rating at this time.
In those cases, the dollar and gold stocks don't perform in their usual manner as the day revealed. The U.S. dollar increased, as did the gold price.
Gold prices at this time are finding support at the $1,100 point, being looked upon as a buying opportunity by many.
Tomorrow's Federal Reserve meeting will be interesting as to its conclusions and how that may have an effect on the prices of gold in the near term.
Gold Prices holding at $1,100
Although gold stocks tend to move in tandem with gold prices, that isn't always the case, and today is a case in point as gold rose some while gold stocks remained mixed.
This is probably because of the sovereign debt concerns based on a Moody's report that the four-largest AAA-rated nations are in danger of losing that top rating over debt issues. Spain, while not one of the four, is considered very close to losing its rating at this time.
In those cases, the dollar and gold stocks don't perform in their usual manner as the day revealed. The U.S. dollar increased, as did the gold price.
Gold prices at this time are finding support at the $1,100 point, being looked upon as a buying opportunity by many.
Tomorrow's Federal Reserve meeting will be interesting as to its conclusions and how that may have an effect on the prices of gold in the near term.
Gold Prices holding at $1,100
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