Loading ...Gold was down 1.72 percent at the end of 2014, but things are looking up for the yellow metal. This week I returned from presenting at the Vancouver Resource Investment Conference, where sentiment for gold was through the roof.
And with good reason. Even though gold was down last year, it still ranked as thesecond-best-performing currency, following the U.S. dollar. The metal has risen about 10 percent year-to-date, and on Tuesday, for the first time since mid-August, it broke through the $1,300 mark.
Are you excited yet?
Our two gold funds, the Gold and Precious Metals Fund (USERX) and World Precious Minerals Fund (UNWPX), have responded positively to the rally. Both have jumped above their 50-day moving averages, a key trend indicator many investors use to decide when to allocate assets. Read more