GOLD is going through its usual Up & Down cycle.
GOLD has a major SUPPORT around $640 area.
GOLD should be part of every portfolio.
Gold stocks are divided into several categories.
Senior producers ABX,NEM,GG.
Mid Tier producers KGC,AUY.
Junior producers EGO,GSS.
Exploration Companies UXG,RBY,KRY.
The biggest question when it comes to investing in GOLD is where to INVEST................
I have done extensive trading in gold from ABX to Breac the famous fraud and everything in between.
I position my trades between mid-tier producers to good exploration companies.
Currently I have position in UXG & EGO.....as they offer the biggest bang for the buck.
All gold stocks are coming out of major pullback...so there is a very good chance of making money in all categories listed above.
Gold stocks are also going through M&A as cost are RISING big time.....Labor, fuel,environmental assesment & transportation cost are rising...so it is cheaper to buy existing producers & near producers.
Please do your OWN due diligence as I currently own UXG,EGO.
BLOG does not give buy or sell.
Saleem
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