Is It Time For Gold Stocks To Move Up?

Publisher of Wall Street News Network • Dec 8, 2020 at 6:50 PM EST

Over the last three months, stocks have been going up, bitcoin has been going up, but gold and gold mining stocks have been dropping in price in spite of the fact that gold is considered a safe haven. interest rates are low and the dollar is weak.

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Over the last three months, stocks have been going up, bitcoin has been going up, but gold and gold mining stocks have been dropping in price.

This is in spite of the fact that gold is considered a safe haven, interest rates are very low, the dollar is weak, and the economy will experience eventual increasing inflation.

Not only that, Warren Buffett’s Berkshire Hathaway (BRK-A) (BRK-B) bought Barrick Gold (GOLD) earlier this year.

So it it time for gold and the gold mining stocks to start moving up?

The following is a group of gold stocks that are down over 10% for the latest quarter, have a trailing price to earnings ratio of less than 20, and a forward P/E ratio of less than 20:

AngloGold (AU)

Caledonia Mining (CMCL)

Galiano Gold (GAU)

Barrick Gold (GOLD)

Disclosure:

Author didn’t own any of the above at the time the article was written.

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