Gavekal Capital: Gold Stocks Lead Gains

Tuesday, October 22, 2013

Gold Stocks Lead Gains

With the price of gold up another $23 today, after surging $40 last week, gold stocks are the leaders in the MSCI World index today.

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Adding fuel to the move is the plunge in the USD today, stepping down by half a point so far this morning.

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Perhaps signaling the low, the selling climax in the GLD was June 28, where 33 million shares traded hands at $119.

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