This is
G&G Associates
e-Newsletter
Did Gold Stocks Just Bottom?
Hotep G&G Readers,
"Perhaps today was capitulation in the gold market," I read a report this week from a CEO of a gold-mining company stating… "Gold-exploration stocks had just lost 14% of their value in two days –
based on the gold-exploration stocks fund, the Global X Gold Explorers
Fund (GLDX). This CEO thought it could be the bottom in gold-exploration
companies."
"It's hard to believe the current valuation of gold stocks," he said. "I never thought I would ever see our stock back at these levels. I could not resist and purchased some shares myself today."
He was a bit early in his optimism … As I write, gold-exploration companies are down since he bought earlier in the week.
But I agree that it sure felt like "capitulation" – panicked selling that often creates a bottom.
"It's hard to believe the current valuation of gold stocks," he said. "I never thought I would ever see our stock back at these levels. I could not resist and purchased some shares myself today."
He was a bit early in his optimism … As I write, gold-exploration companies are down since he bought earlier in the week.
But I agree that it sure felt like "capitulation" – panicked selling that often creates a bottom.
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Gold stocks
are now down 87% in the past four years (as measured by GLDX).
Meanwhile, stocks, in general, are up 72% (as measured by the S&P
500 Index) in the same time frame.
This is what a bottom in an asset often looks and feels like. The problem is, calling a bottom right is tough… There is a much smarter way to invest in blown-out assets.
Here's what I'm telling my paid subscribers in my GGIS newsletter this month – before the big bust in these stocks:
You might get the headlines and the glory for calling the bottom. But in the long run, it's difficult to make money doing that. Gold-mining stocks are incredibly cheap today. And it will be time to buy soon. But we want to wait until after gold stocks hit the bottom before putting money to work. That means we're waiting for now.
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You might get the headlines and the glory for calling the bottom. But in the long run, it's difficult to make money doing that. Gold-mining stocks are incredibly cheap today. And it will be time to buy soon. But we want to wait until after gold stocks hit the bottom before putting money to work. That means we're waiting for now.
As always…feel free to pass this information on to anyone you think is interested in increasing their tax & financial IQ.
If you need a one-on-one consultation to learn how to implement these investments or any other tax or financial strategy mentioned in these newsletters, feel free to contact my office to setup an appointment.
Good Investing!
Ankh Uja Snb (Life, Health & Strength)
Asar Maa Ra Gray
Tax & Financial Consultant
G&G Associates
757-271-6068 office
866-361-3872 toll free fax
www.gngassociates.net
Become a Fan of G&G Associates on Facebook & Twitter.
“Investing is much like gambling. But, the difference is that with knowledge in investing you can at least increase your odds of winning.”
J. Carter
LEGAL NOTICE: This work is based on what I’ve learned as a financial researcher and analyst based SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. It may contain errors and you should not base investment decisions solely on what you read here. It’s your money and your responsibility. Nothing herein should be considered personalized investment advice.
If you need a one-on-one consultation to learn how to implement these investments or any other tax or financial strategy mentioned in these newsletters, feel free to contact my office to setup an appointment.
Good Investing!
Ankh Uja Snb (Life, Health & Strength)
Asar Maa Ra Gray
Tax & Financial Consultant
G&G Associates
757-271-6068 office
866-361-3872 toll free fax
www.gngassociates.net
Become a Fan of G&G Associates on Facebook & Twitter.
“Investing is much like gambling. But, the difference is that with knowledge in investing you can at least increase your odds of winning.”
J. Carter
LEGAL NOTICE: This work is based on what I’ve learned as a financial researcher and analyst based SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. It may contain errors and you should not base investment decisions solely on what you read here. It’s your money and your responsibility. Nothing herein should be considered personalized investment advice.
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