Both Gold and Iron Ore are Looking Interesting
Nicholas Forsyth
Market Matters
Today’s topic covers well over half of the questions that I am regularly asked by subscribers. With little relationship between the two topics, I have decided to treat them separately while focusing on one stock of interest within each sector. Gold surged around $US25/oz. (1.2%) last night, against the back drop of the best 3 day rally in the Dow since February. Calm was witnessed in the US bond market as investors feel relaxed that the US Fed will not raise interest rates too quickly, aiding the $US to slow its appreciation. However it’s my view that the US stock market is very close to a 10-15% correction that is sparking my interest in the precious metal. Gold has basically gone nowhere for the last 2 years, so to look for decent risk/reward opportunities, it makes more sense to focus on the individual producers themselves. (VIEW LINK)
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2 topics
2 stocks mentioned
Nicholas Forsyth
Director
Market Matters
Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...
Expertise
No areas of expertise
Nicholas Forsyth
Director
Market Matters
Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...
Expertise
No areas of expertise
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