It now might be time for investors to take profits, especially in gold stocks, this according to economist and speaker at the New Orleans Investment Conference Mark Skousen. ‘I looked at a historical study of gold stocks and I couldn’t find a single gold stock that had a good, long-term upward trend, they’re all cyclical,’ he told Kitco News. ‘To me, that’s saying you gotta buy right and sell right…take those profits when you can.’
New Orleans ConferenceFor over four decades, the New Orleans Investment Conference has brought together some of the most renowned politicians, bankers, investors and gold bugs to discuss investment opportunities. This year is no different. From October 26-29, Kitco News will be on the frontlines of the investment conference, speaking with some of the leading names in the industry, including interest rate expert Jim Grant, and known gold investors Dennis Gartman and Doug Casey. Stay tuned!
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