Investors in gold stocks, myself included, had a rude awakening Tuesday morning. The spot Price of gold was down $70 even before the market opened, plunging below the highwater benchmark of $2,000...
With the price of gold falling steadily from its February 20th high, it seems that gold stocks may have finally lost their shine over the last three weeks or so.
Gold is commonly believed to be a safe haven in times of financial or political uncertainty, mainly because it is not at risk of becoming worthless unlike currencies or other assets bearing credit risk. Well, we’ve had bucket loads of uncertainty the past two years, but gold and gold miners have gone nowhere except in fits and starts. So, what’s going on?
