By Ben Turney | Wednesday 29 July 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Since publishing “7 Gold Stocks to Buy Now” the price of gold has fallen further, under pressure from a heavy bear raid. With gold now trading at critical long-term technical support, the precious metal is now at a crucial point. If the price breaks below technical support, it could fall much further. However, if it finds its footing at current levels then a strong rally is on the cards. Such binary eventualities can be extremely profitable for investors on the right side of the move. Gold Bugs have taken yet another beating in the recent move lower, but if you remain bullish about the prospects for gold, now might be the time to consider some specific stock ideas. Below I share my contribution to our e-book - Eldorado Gold’s (TSX:ELD & NYSE:EGO).
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