Gold Stocks Moving Up in Value, According to Leading Financial Newsletter Profit Confidential

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Mitchell Clark, contributor to Profit Confidential, believes there’s a lot of value in the stock market today, and it’s commodity-related. Like the broader stock market, gold prices are holding up extremely well, and a big reason for this is the sovereign debt crisis in the eurozone, according to Clark.

Gold Stocks Moving Up in Value, According to Leading Financial Newsletter Profit Confidential

Gold Stocks Moving Up in Value, According to Leading Financial Newsletter Profit Confidential

“Gold mining companies were able to raise a lot of cash for expansion, and many producing miners are today sitting on strong cash balances,” says Clark.

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Mitchell Clark, contributor to Profit Confidential, believes there’s a lot of value in the stock market today, and it’s commodity-related. Like the broader stock market, gold prices are holding up extremely well, and a big reason for this is the sovereign debt crisis in the eurozone, according to Clark.

“The risks in the global economy certainly outweigh the current economic fundamentals,” he says.

In the article “Gold Stocks Becoming a Great Value in This Market,” Clark argues that when gold prices were roaring higher, gold stocks were really moving.

“Gold mining companies were able to raise a lot of cash for expansion, and many producing miners are today sitting on strong cash balances,” says Clark.

Clark states that the stock market approaches gold stocks with a herd mentality, and getting the timing right for taking on new positions is difficult.

“I’d be a buyer of gold stocks in this market and in the next U.S. recession, but immediate capital gains won’t happen if the spot price isn’t moving higher,” says Clark. “Corporate fundamentals for many mid- and top-tier gold producers are excellent, and stock market valuations in this sector are attractive.”

Clark thinks stock market valuations for many gold stocks are very fair at this time.

“If we get continued mediocrity in the gold stock market sector, valuations are going to become compelling, and they will be worth buying,” reports Clark. “The stock market offers lots of good options for gold investments, but nothing will go up unless the spot price does.”

Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market...before it plunged.

Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.

To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.

Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.

Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.

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