Gold Stocks: Good Times Could Be Here Already

Most Wall Street analysts failed to project the current rally. Are they wrong again now, or is gold set to keep rallying in its overbought state?But if the fundamentals are strong gold can continue to rally for weeks, months, or even years while staying technically overbought.

While Israeli and Iranian warmongers are unlikely to get out of control, there’s enough animosity and action between them to keep Western gold market analysts in a bullish stance. Western analysts tend to focus on silly price targets while 3 billion Eastern citizens are focused on getting more gold. The bottom line:

Rather than swooning into October like they did in 2023, gold and silver mining stocks are more likely to have little more than a pullback that forms a right shoulder of a big inverse H&S pattern, followed by a surge to $40-$45, basis GDX. Western money managers are becoming frustrated with their stock market, the crypto ETF-themed rally has fizzed, and they are impressed with action of the miners.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Investors Advised to Choose Physical Gold Over Gold Stocks for Market VolatilityGeorge Milling-Stanley, chief gold strategist at State Street Global Advisors, suggests that investors should consider investing in physical gold as a means of protection against potential weakness in the equity market. He explains that gold stocks tend to go down with the general level of the equity market, while physical gold offers an extra level of protection. The distinction in expense ratios between gold stocks also attracts different types of investors.
แหล่ง: NBCDFW - 🏆 288. / 63 อ่านเพิ่มเติม »

Bank of America ratchets up gold and copper forecasts, gives the best stocks to play the trendThese gold and copper stocks can ride the trend as the precious metals rally.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

Chinese investors snap up copper, gold stocks to drive 10% gainsNo 1 source of global mining news and opinion
แหล่ง: mining - 🏆 449. / 53 อ่านเพิ่มเติม »

Physical gold offers more protection than mining stocks, says State Street's George Milling-StanleyGold bars can be a valuable hedge during stock market weakness, according to gold expert George Milling-Stanley.
แหล่ง: nbcchicago - 🏆 545. / 51 อ่านเพิ่มเติม »

Stocks muted, gold at new peak as markets weigh Fed cut timingStocks muted, gold at new peak as markets weigh Fed cut timing
แหล่ง: Investingcom - 🏆 450. / 53 อ่านเพิ่มเติม »