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July 21, 2005

Gold stocks reaction to Yuan, Thurs., July 21, 2005, 10:56 AM

All the North American based goldminer stocks had a boost right after the Yuan revaluation this morning. The others have not performed so well.

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My primary gold stocks monitor illustrates the positive moves across the board.


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I expect the golds and silvers to continue to move higher at this point.

Remember that as interest rates move up a level or two, that is a reflection of the bond market reaction to a lower USD and to prospects for inflation. Gold stocks do well in that scenario versus the economically-sensitive and interest-rate sensitive stocks.

Posted by Posted by Bill Cara on July 21, 2005 10:54:39 AM | Category: Gold