Saturday, October 19, 2013

Gold: A 2 Million Ounce Order Executed? [SPDR Gold Trust (ETF), iShares Gold Trust(ETF), Sprott Physical Gold Trust] - Seeking Alpha

Gold: A 2 Million Ounce Order Executed? [SPDR Gold Trust (ETF), iShares Gold Trust(ETF), Sprott Physical Gold Trust] - Seeking Alpha

This is a bull and bear article about owning gold and silver.  Goldman Sachs thinks gold could drop to $1,050 an ounce, and this is around the break-even price for mining gold for a lot of companies.  If gold falls that low, there is a good chance for a 20% rebound in both gold and silver.  Stocks to own when precious metals are oversold would be AGQ, AG, GSS, and EXK.

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