Wednesday, August 10, 2011

David Morgan : Gold Stocks are not Gold they are Stocks

David Morgan : Gold Stocks are stocks they are not gold , If you have weakness in the general equity market gold stocks generally will follow the equities itself and that what happened , once we bottomed and even before we bottom does not have to be a general equity bottom it could be so more along the line people say I want to buy Gold , a lot of people when they come late into this market buy gold stocks thinking it is Gold , in a way they are buying a derivative of Gold

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

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