Published 1742 days ago
Yesterday we published Mike Swanson’s view that gold stocks are “like a fuelled rocket” waiting for ignition. What Mike’s analysis didn’t provide were any specific pointers to look out for in tradeable opportunities, beyond a general buy recommendation for the sector. Recovery in the gold mining sector was one of my “Trading Themes for 2014”. So far it has been a good call. I didn’t anticipate fireworks, but the across the board signs of improvement have been encouraging and the gains in stock prices decent enough. We have now entered what could prove to be a crucial period in the gold miners’ attempts to rediscover market favour. There is a very simple way to play this possible move; spread bet the Market Vectors Gold Miners ETF, otherwise known as the GDX.
Published 2415 days ago
I have not covered myself in glory with AIM listed gold soon to be producer Chaarat Gold ( CGH). I first tipped the shares at 45p in May 2010 and indeed gave them another bullish write up at 24.375p just a couple of weeks ago.