The tumbling gold prices in recent years have made the shiny metal look down and out. However, not everyone shares the bearish view. In fact, billionaire investor Stan Druckenmiller just bought millions of shares of a gold exchange traded fund (ETF).If you are not familiar with Stan Druckenmiller, know this: he used to be the chief strategist for George Soros and it was his idea to short the British .
Gold mining companies are down-and-out, but John Paulson isn’t worried.
The downfall in gold prices stems from sentiment rather than fundamentals. The artificially low interest rates since the Great Recession have sent the stock market and the bond market to extraordinary highs. Once markets embrace the long-awaited correction, expect gold prices to shoot through the roof.
For that reason, the billionaire investor has been pounding the table on gold over .
The last few years have not been kind to resource firms—especially to Barrick Gold Corporation (NYSE/ABX). But with China’s stock market crash and Greece halfway out of the eurozone, now may be the perfect moment to buy gold stocks.
Gold prices have dropped 11.4% over the last 12 months. The yellow metal is a safe haven asset during periods of market uncertainty. It’s a place to go when you’re .
Over the next few months, you could make triple-digit gains in one of the world’s most hated commodities: gold.
No, you won’t get rich quick. But as I’m about to show you, some of the world’s smartest investors have been quietly accumulating precious metals. And before the move is over, we could see prices more than double. Let me explain.
Hedge Funds Forecast: Huge Upside for Gold Prices
These are .
Today we finish the last trading day of May, and with it the first five months of this year are behind us. And what do we have to show for those five months?
The two “biggest picture” items I follow for investors are stocks and gold. So far this year, the Dow Jones Industrial Average is up a meager 1.7%. Gold bullion prices are up about the same…at 1.5%, to .
The top gold dividend stocks have maintained regular dividend distributions to shareholders, despite a 40% decline in gold prices since 2011. More impressive is that the gold stocks on this list have managed to cut costs and increase production—making them the top gold dividend stocks to watch in 2015.
1. Sibayne Gold Limited (NYSE/SBGL)
Sibayne Gold Limited, the largest gold producer in South Africa, has a market cap of .
With gold prices beaten down, now might be a great time to look at undervalued gold stocks.
Gold Prices Under Pressure
After a meteoric rise to $1,923 per ounce, gold prices have come under serious pressure. Currently trading near $1,150 an ounce, gold prices are being held back by “improving” economic indicators, low interest rates, and record stock market levels.
While investors like to strike when the iron is hot, .
Ask anybody about why gold was in a bull market between 2002 and 2012, and they will most likely tell you that it was due to declining interest rates. Now, if you ask anybody if gold is even worth looking at as an investment, you’ll likely be told that it’s useless and does no good for an investor’s portfolio. The rationale given for this argument generally includes the sentiment that .
Federal Reserve, ECB, China to Drive Gold Prices Upward in 2015
Uncertainty and fear are two of the biggest factors that move gold prices. If they increase, investors buy the yellow metal to hedge and protect their wealth. Going into 2015, I see these two factors coming into play and taking the precious metal’s prices higher.
Three Events Driving Gold Prices Higher in 2015 was last modified: June 5th, 2015.
When it comes to investing, history has taught us one very important lesson: ideal buying opportunities are formed when there’s significant pessimism towards an investment. In other words, to make it really big, you need to have the guts to buy an investment when everyone else is selling it…when it’s completely out of favor with the majority of investors.
While the general stock market is up close to 150% since .
Immediate term outlook:
The bear market rally in stocks that started in March 2009, extended because of unprecedented central bank money printing, is coming to an end. Gold bullion is up $1,000 an ounce since we first recommended it in 2002 and we are still bullish on the physical metal.
Short-to-medium term outlook:
World economies are entering their slowest growth period since 2009. The Chinese economy grew last year at its slowest pace in 24 years. Japan is in recession. The eurozone is in depression. With almost half the S&P 500 companies deriving revenue outside the U.S., slower world economic growth will negatively impact revenue and earnings growth of American companies. Domestically, America’s gross domestic product grew by only a meager 2.3% in the second quarter, which will negatively impact an already overpriced equity market.
Estimates Aug. 30, 2015
Trailing 12-month EPS for Dow Jones companies (Most Recent Quarter)