Gold has hit a rough patch these last few weeks as the US dollar continues its winning streak, pushing the yellow metal closer to $1,200 per ounce. As Dundee Capital Markets’ Martin Murenbeeld noted at last week’s Denver Gold Show, gold is being hammered down by five key factors: the Federal Reserve tightening policy; the US dollar remaining strong; the world economy being sluggish; equity markets continuing to pull investment interest away from gold; and lastly, bearish technicals.
Gold’s bullish future is little disconcerting, as it lies in the shaky hands of the global economy. Nonetheless, that’s nothing new for gold investors. That being said, when looking at gold mining stocks, where does an investor put their money?
The Motley Fool suggests that in times of uncertainty, investors interested in gold mining stocks should try their hand at dividend-yielding companies like Goldcorp and Yamana Gold; that’s because even when gold prices are low, investors are still making a little back.
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