- Contrarian gold bulls trying to time a bottom for the metal may want to keep an eye on the operations U.K. pawnbroker H&T. Its Gold Bar chain of stores set up to take advantage of the metal's bull market is down to 5 outlets from 55 a year ago, with CEO John Nichols expecting to shutter the last 5 within the next year.
- If gold perks up again, so will the stores.
- The stock is off 55% YTD and nearly 70% from a peak 2 years ago (at about the same time gold was peaking).
- Gold ETFs: GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI.
Gold stores fortunes decline along with the metal
Aug 13 2013, 08:14 ET