Last week we took a long look at how gold behaved on weekly charts. Today, we continue to examine the period after August 2016, but this time we focus on gold stocks through the S&P TSX Global Gold Index, known as the TSX Gold Index.
We disect the sizzle from the steak in an analyst report by Cormark Securities featuring Newcore Gold (TSX-V: NCAU) and their gold project in Ghana.
Investors turn to hard assets, particularly gold and silver, when they start to question or lose faith in paper assets such as stocks and bonds. This has been the case in the past, and it is so once again today. We think the next level for gold is this price.