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5 Top Weekly TSX Stocks: Golden Star Up on Production Results
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Gold Reacts to Fed, Rick Rule s Uranium Stock Advice
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Rick Rule expects a gold price recovery sooner rather than later, and believes there is just one key factor holding uranium back.
The gold price remains well off last summer’s all-time high, but for veteran investor and speculator Rick Rule, the current malaise in the space is an opportunity, not a cause for dismay.
He previously thought gold and gold equities had gotten ahead of themselves, and he views the current levels as a sale but not necessarily a sale that will last for very long.
“I think now that a recovery in the gold price occurs sooner rather than later,” he told the Investing News Network (INN). “I’m always fond of saying that I like things that are inevitable, but might not be imminent I’m beginning to think that an upward move in the gold price is imminent too as a consequence of the expansion of the negative margin on the US 10 year Treasury.”
Gareth Soloway: Bullish Gold Pattern, Factors Holding Silver Back
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Last week’s top-gaining mining stocks on the TSXV were Finlay Minerals, Constantine Metal Resources, Gossan Resources, Power Nickel and Galantas Gold.
The S&P/TSX Venture Composite Index (INDEXTSI:JX) climbed last week, opening at 895.39 on Monday (July 19) and closing the five day period at 902.45
Gold and silver prices were on the decline during the week, with the yellow metal finishing just above the US$1,800 per ounce mark and its sister metal ending at about US$25.20 per ounce.
Last week’s five TSX-listed mining stocks that saw the biggest gains are as follows:
What Happened To Gold In Q1? Which Gold Stocks To Watch In 2021?