Gold stocks are the ultimate contrarian buy. No sector in the entire stock markets is cheaper fundamentally, no sector is more oversold, and no sector is more despised. It is never easy fighting the crowd and being brave when others are afraid, but that’s when fortunes have been made in this secular gold-stock bull. The best time to buy is when you least want to, when it literally feels nauseating.
All these factors make gold stocks look like a royal flush today, the rarest of poker hands (650,000-to-1 odds) that beats everything else. No matter what any other markets do, gold stocks are way overdue for an enormous new upleg to accelerate higher. Most investors will miss this mean reversion, and fail to get interested in gold stocks until the HUI is several times higher a couple years from now. You don’t have to.
Intéressante analyse d'Hamilton.
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