Gold Will Shake Off The Summer Doldrums When This Happens - Expert

The gold market is back on the radar but to geologist Mickey Fulp, the metal needs to push back above $1,300 before investors get interested in the resource sector again. ‘This sector has no hope until after labor day,’ he said in a recent interview with Kitco News. ‘After labor day, seasonal factors should help gold and the miners.’ But to Fulp, it may be a good time to get into the miners, especially with many companies at ‘really low’ valuations right now. ‘It appears to me right now that we’ve hit the normal, seasonal low for gold,’ he said. ‘That low on July 7 will stand as the summer-doldrum low.’ (show less)

The gold market is back on the radar but to geologist Mickey Fulp, the metal needs to push back above $1,300 before investors get interested in the resource sector again. ‘This sector has no hope until after labor day,’ he said in a recent interview with Kitco News. ‘After labor day, seasonal factors should help gold and the miners.’ But to Fulp, it may be a good time to get into the miners, especially with many companies at ‘really low’ valuations right now. ‘It ... (read more)

 
 
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Kitco News
The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.

 

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