These Charts and Miners Prove Gold Investors' Patience Is About to Pay Off Big Time
June 19, 2018 at 05:05 AM EDT
The patience of gold bugs is being tested - and I mean severely tested. You have to be a true yellow-metal diehard to put up with this kind of abuse. Yet they say good things come to those who wait. Well, gold seems to have gone nowhere since 2013. In fact, the precious metal rose to $1,900 in 2011, then corrected to $1,200. In late 2015, however, it bottomed at $1,050 and has been climbing on balance since. Gold stocks have done the same, bottoming shortly after, then rallying sharply. Despite their pullback from mid-2016, they're up nearly 80%. I'd argue they're building up energy to spring much higher, as conditions continue to favor much loftier prices for the entire sector. So let's take a look at the current gold sector setup, as well as three up-and-coming gold producers that should perform handsomely in the next major rally... Tags: Gold To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post These Charts and Miners Prove Gold Investors' Patience Is About to Pay Off Big Time appeared first on Money Morning - We Make Investing Profitable .