Ventureshadow

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    • Tue Mar 4th 19:30 PM | Rating: 0 0
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      Which Is the Best Refuge: Gold, Gold Miners or Currency?
      Gold has risen far far faster than the stock price of most gold mining majors. With the terrible US balance of trade, the mounting national debt, several very expensive wars continuing, and terrorism continuing the price of gold in US dollars will not fall in the near future (except temporarily and by small amounts). This means that the stock price of US and Canadian profit-making gold miners should rise. Newmont and Iamgold have lagged particularly much, hardly rising as gold has tripled. Yamana and CDE have lagged compared to Kinross and Barrick. At this time these lagging stocks have a greater upside potential and less downside potential than gold metal and its proxies.
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