By Tom Winnifrith & Steve Moore | Saturday 21 March 2020
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.
Gold is still up from around $1,300 a year ago and current uncertainty and economic responses look to create a potential perfect storm for precious metals ahead. We believe this is a geared, but lower-risk way than most, to play it… The sell off of gold in the past week is a dash for cash to cover trading losses elsewhere. But that will not last and you MUST have gold exposure.
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