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This
blog is about trading and following stocks and markets. Therefore we
focus on gold STOCKS vs. the metal. In other words, the format assumes
the reader is a trader and has already attended to putting his or her
house in order by addressing debt, physical metals and asset allocation.
Gold stocks are NOT gold, but they sure are fun to follow and trade.
There are times to be all in gold stocks and there are times to be
weary. A lot depends on how the gold miners' product is doing vs. the
gold miners cost inputs, such as oil and also whether the global economy
is in a strong growth mode as evidenced by strong industrial metals such
as copper, nickel, etc. That is why we follow charts like Gold-Oil and
Gold-GYX. Both remain bullish for relative gold to a bottom feeder like
me. Therefore I must remain bullish on gold miners' profit growth
prospects going forward.
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INFORMATION The opinions of FSU contributors do not necessarily reflect those of Financial Sense. |
