If we look at the sentiment in the gold mining stocks we can observe that the price of gold mining stocks measured in hard money (gold) has hit a 71-year low (chart #2). Today, you can’t even mention gold stocks to portfolio managers or investors, even less tell them to buy. The only thing missing is those ready to predict that gold is valueless and its price will go to zero, as some predicted when gold hit $250 in the ‘90s. A recent Reuters article was even indicating a possible end to India’s historical love affair with gold.
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