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Gold Breakout Underway

Discuss issues related to business, finance, taxes, investments, cost of living in different countries, etc.

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Gold Breakout Underway

Postby Taco » September 6th, 2017, 9:18 am

This is the end result of the US dollar death spiral...

This Hasn't Happened to Gold in Over a Decade
http://www.zerohedge.com/news/2017-09-05/isnt-happened-gold-over-decade

Bloomberg Dollar Spot
https://www.bloomberg.com/quote/BBDXY:IND

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Re: Gold Breakout Underway

Postby Contrarian Expatriate » September 6th, 2017, 5:14 pm

If you really want to cash in on the breakout, you should be buying the gold mining stocks. I recommend GDX, GDXJ, or VGPMX they've been beaten down for so many years, that this is overdue.

The trick is to not hold them too long. Run it up and get back out.

Silver is actually doing well also as are the mining stocks. Look into SSRM and SLVP which are more erratic but on the upswing.
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