This gold-timing indicator just hit a bottom - and history says a strong rally is next | Metals Mine

  • This gold-timing indicator just hit a bottom - and history says a strong rally is next

    From morningstar.com

    Gold and gold-mining stocks are likely to gain over the next several weeks, according to a contrarian analysis of sentiment from those following the gold market. You should pay attention to contrarian theory because it helps to explain why gold (GC00) has performed so poorly since the Iran war began two months ago. Despite gold's reputation as a strong hedge against geopolitical crises and uncertainty, during March and April, it suffered its biggest two-month drop ever. You might wonder whether a stronger U.S. dollar, not sentiment, is the culprit. A stronger dollar would cause gold's dollar-denominated price to ... (full story)

Comment Options
  • Story Stats

  • Related Stories