Gold stocks are trading at historical low valuations compared to gold, so this combined with the extremely depressed sentiment could mean that gold stocks are at or near a bottom, although the similarities with the 2008 crash are still striking and therefore worrisome.
I haven’t bought gold stocks since I sold them in 2011, right before silver hit nearly $50 per ounce, but am now back in the market.
To find out which stocks I buy and sell, feel free to sign up for my services. I have decided to only accept new subscribers until June 30. From then on my services will be open to existing subscribers only. To secure your membership now, visit www.profitimes.com and subscribe now.
Willem Weytjens, originally from Belgium, is currently living in Oslo, Norway. He has been an active investor for over 12 years, forecasting the latest financial crisis, rise in gold & silver prices etc. He recently founded his own company, Profitimes, enabling him to spend all of his time dealing with financial markets.