Gold stocks have played a vital role for Wall Street throughout history. Most will see precious metals like gold and even silver as safe havens during times of market uncertainty. This includes things like the current trade war between the US and China. Gold stocks are also seen as a safe place for investors to park their money when interest rates decline.
The main reason behind this is that the opportunity cost of holding gold versus holding non-interest baring cash is much less. So it’s no secret that gold stocks have become more popular over the last few years. In fact, the majority of the gold sector has seen a huge lift to fresh 6-year highs.
A mix of geopolitical risk and a global economic slow down have helped give investors a reason to look for gold stocks to buy. One of the most popular things that traders/investors will follow is gold stock ETF’s. Some of these move alongside the price of gold as a commodity instead of general equities.
Where the S&P’s SPY will follow stocks, the SPDR Gold Shares (GLD) is actually backed by gold. So when you’re looking for some of the top gold stocks to watch, keep in mind the geopolitical economic state of both North America and across the globe. GoldStocks.com is your top source for all things gold and mining.
Top Gold Mining Stocks To Watch As Gold Trades in the “Breakout Zone”
Coronavirus Concerns Are Fueling Gold’s Massive Bull Market Gold prices have been…