Loading ...Gold Is Still A Bargain
Despite the recent rally, gold still offers value to investors.
Gold is undervalued compared to stocks and U.S. government bonds.
Mining stock demand is also still strong, which bodes well for the metal.
After the 10% gold price increase last month, some would-be buyers have concluded that gold has reached its upside potential and is due for a major pullback. Under normal circumstances, this would be a reasonable assumption. But as the events of recent weeks have shown, these aren’t normal times. In today’s report, we’ll look at ways in which gold can still be considered a bargain even at current elevated prices. We’ll also examine the condition of the actively traded gold mining shares as I make the case that mining stock strength is also supportive of buoyant gold prices.