Categories: Precious Metals
Topics: General Precious Metals

Gold Is Rangebound, Summer Will Present Opportunity

Gold remains rangebound and has for the past two months.

The robust gains during the first quarter have many proclaiming a new gold bull market.

Gold futures settled last Friday at $1,252 — down 1.6% — for a second straight weekly loss, as there are growing expectations of an increase of U.S. interest rates.

Silver saw an even bigger loss — of 3.5% — its lowest in about a month, also on concerns about dollar strength due to a raise in rates.

A raise nearly everyone had stated was not very likely before the latest Fed minutes were released. I outlined the reasons why I not only thought a raise is likely, but probable, in June/July (most likely July) last week before the Fed minutes were released.

The inability for gold to push higher will hopefully lead to a sharp pullback that will allow us incredible entry points.

At Resource Stock Digest Premium the mandate is very clear, take advantage of a potential last significant leg down in the price of gold to average in to the most exciting opportunities in the sector.

Use what I call the “junior resource lazy months” to scoop up great companies on the cheap, by staying on top of the markets and using volatility to our advantage.

For those of you who are subscribers to Resource Stock Digest Premium, which is finally available and timed to put me to work over the summer on your behalf, expect a healthy dose of trader alerts, as the summer volatility that I see on the way presents itself.

(Publisher's Note: You can order Resource Stock Digest Premium directly from this link.)

Though I’m as excited as anyone for the gains that we’re going to see, that doesn’t mean we buy everything, or all at once, or just buy and never sell. No, no, no.

Taking a shotgun approach to the junior-resource sector is a great way to make yourself your own worst enemy in this market and limit your upside.

Which leads us to one such company that has done the limiting upside party in spectacular fashion. Here’s the newest entry of “I Call BS.”

Click this link to continue reading on Outsider Club, where this article was originally published.