Saturday, September 19, 2015

When Gold Escapes the Trap, You Wants to Own These Seven Companies

by JT Long
The Gold Report

When is gold more than a commodity? When it is recognized as the last safe haven in a volatile world. In this interview with The Gold Report, Casey Research Senior Analyst Louis James warns that “there are so many fragile points around the global economy today any jolt can cause follow-on crashes, collapses—all the volatility we have come to know and love since 2008.” To prepare for the inevitable, James shares the seven advanced junior names that he thinks could move up fast when the hard reality of gold’s value starts hitting the bottom line.
The Gold Report: You recently observed in your newsletter that gold has been acting more like a commodity, like pork bellies, than like a currency. That misclassification has discounted the value of precious metals, depressing the price. Why do you think that is?
Louis James: Commodities, as a group, tend to move together. We see it with copper and other industrial metals, and we see it in other commodities, including pork bellies. The commodities index is not just an average line. It actually is fairly representative of the sector as a whole. That matters right now because the trend for commodities is downward, plus the fundamentals are. . .scary.
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