||Clif Droke, editor of the thrice weekly Momentum Strategies Report newsletter about U.S. equity markets, stock sectors and specialist in money supply and bank credit trends, the dollar and the U.S. economy offers his insight in the latest Gold Report into gold stock trading.
There is currently a long term bull market in gold and mining stocks. Mr Droke says there are several fantastic opportunities to profit and maximise gains in precious metals and gold bullion in particular.
A common complaint is that smaller traders have difficulty knowing when to buy and when to take profits and there is a great deal of conflicting advice in the financial media. Information overload can lead to procrastination into investing as investors weigh up their options.
With European debt concerns, continuing implications of quantitative easing and an on-going safety drive fuelling investor demand, there is less faith in fiat currencies. That means gold and gold bullion is behaving like a currency at the moment and less like a commodity.
Gold, silver and palladium are all performing exceptionally at the moment and precious metals are predicted by commentators to be among the commodities that will offer the best returns next year.