Ebola - Good for Gold
Make no mistake about it, as the Ebola outbreak progresses, if the situation worsens, especially in the United States, the price of gold will rise. In a recent report, I warned that gold has 8% to 17% more downside in dollar terms due to likely ongoing strengthening of the dollar. However, one catalyst that could change that scenario is a greater outbreak of Ebola in the United States. See the report for more on this morbid gold catalyst. Article interests SPDR Gold Trust (NYSE: GLD), Market Vectors Gold Miners (NYSE: GDX), Direxion Daily Gold Miners Bullish 3X (NYSE: NUGT), Direxion Daily Gold Miners Bearish (NYSE: DUST), iShares Silver Trust (NYSE: SLV) and Sprott Physical Gold Trust (NYSE: PHYS).
Labels: GLD, Gold, Gold-2014, INDUSTRY-Gold
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