UGL - Coronavirus Is Bullish For Gold Prices And Gold Stocks
Coronavirus Is Good News For Gold Prices And Miners
(Current gold prices. Credit: StockCharts)
With stock markets and oil prices plunging this week on increased concerns of the growing COVID-19 pandemic, investors are hiding out in gold, cash and bonds as safe havens. But gold miners and the streaming/royalty companies are also looking very attractive here and should be targeted by value & contrarian investors. When the dust settles, I think this will be one of the strongest performing sectors.
Gold is still cheap compared to stocks
(Credit: StockTrends)
Despite the heavy sell-off in