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Albert Sung is the author of the Katchum Macro-Economic Blog, monitoring breaking economic news from a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at... More
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Katchum's Macro-economic blog
  • 100% Chance Of A Bottom In Gold Mining Stocks 1 comment
    Feb 26, 2013 11:53 AM | about stocks: GDX

    I don't know if you have noticed this, but sentiment on the gold miners is at a record low on a 3 year period (because the free chart only goes for 3 years...)

    Each time when we see a bottom in sentiment, the gold miners are bottoming out.

    I believe the best place to go right now is in gold mining stocks and I'll put the money where my mouth is, especially when Goldman Sachs tells you to sell your gold.

    Some suggestions: ASM, EXK, NEM.

     

     

    (click to enlarge)
    Chart 1: Gold Miners Sentiment Index

    Disclosure: I am long AGQ.

    Stocks: GDX
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  • The_Hammer
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    gold miners probably the most hated sector in market by far. crappy mgt does not help though.
    26 Feb 2013, 12:11 PM Reply Like
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