Take Profits in Gold – NIRP Fallacy, Economic Balance, Dollar Recovery Weigh

Thursday’s 4.0% surge in the SPDR Gold Trust (NYSE: GLD) was guided by a faulty catalyst. The prospect of negative interest rates in the U.S. is a fallacy getting far too much weight by media and market thanks to Fed caution and congressional member curiosity. I expect that as Fed members begin to make that clear through public engagements, some of this latest luster will fade near-term. Also, some balance should return to the economic outlook, and fear should rise about the next action of the ECB over coming weeks. This should return some muscle to the dollar, and gold should give back some of its gains. Thus, I’m suggesting investors take profits in GLD for now, and wait for a better return entry point at a later date. See the full report on gold here.

Precious Metal Securities	YTD Thru 02-11-16
SPDR S&P 500 (NYSE: SPY)	-10.3%
SPDR Gold Trust (NYSE: GLD)	+17.3%
iShares Gold Trust (NYSE: IAU)	+17.6%
iShares Silver Trust (NYSE: SLV)	+13.3%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)	+117%
Market Vectors Gold Miners (NYSE: GDX)	+34%
Market Vectors Junior Gold Miners (NYSE: GDXJ)	+25%
Goldcorp (NYSE: GG)	+30%
Newmont Mining (NYSE: NEM)	+39%
Silver Wheaton (NYSE: SLW)	+19.5%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in precious metals stocks: Goldcorp (NYSE: GG), Agnico-Eagle Mines (NYSE: AEM), Allied Nevada Gold (AMEX: ANV), AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ), Aurizon Mines (AMEX: AZK), Barrick Gold (NYSE: ABX), Brigus Gold (AMEX: BRD), Charles & Covard (Nasdaq: CTHR), Claude Resources (AMEX: CGR), Commerce Group (OTC: CGCO.PK), Compania Mina Buenaventura S.A. (NYSE: BVN), DRDGOLD (Nasdaq: DROOY), Eldorado Gold (NYSE: EGO), Entrée Gold (AMEX: EGI), Exeter Resource (AMEX: XRA), Gold Fields (NYSE: GFI), Gold Reserve (AMEX: GRZ), Gold Resource (Nasdaq: GORO), Golden Eagle Int’l (OTC: MYNG.PK), Golden Star Resources (AMEX: GSS), Great Basin Gold (AMEX: GBG), Harmony Gold (NYSE: HMY), IAMGOLD (NYSE: IAG), International Tower Hill Mines (AMEX: THM), Jaguar Mining (NYSE: JAG), Keegan Resources (AMEX: KGN), Kimber Resources (AMEX: KBX), Kingold Jewelry (Nasdaq: KGJI), Kinross Gold (NYSE: KGC), Midway Gold (AMEX: MDW), Minco Gold (AMEX: MGH), Nevsun Resources (AMEX: NSU), New Jersey Mining (OTC: NJMC.PK), Newmont Mining (NYSE: NEM), North Bay Resources (OTC: NBRI.OB), Northgate Minerals (AMEX: NXG), NovaGold Resources (AMEX: NG), Richmont Mines (AMEX: RIC), Royal Gold (Nasdaq: RGLD), Rubicon Minerals (AMEX: RBY), Seabridge Gold (AMEX: SA), Solitario Exploration and Royalty (AMEX: XPL), Tanzanian Royalty Exploration (AMEX: TRE), Thunder Mountain Gold (OTC: THMG.OB), U.S. Gold (NYSE: UXG), Vista Gold (AMEX: VGZ), Wits Basin Precious Metals (OTC: WITM.PK), Yamana Gold (NYSE: AUY), Coeur d’Alene Mines (NYSE: CDE), Endeavour Silver (NYSE: EXK), Hecla Mining (NYSE: HL), Mag Silver (AMEX: MVG), Mines Management (AMEX: MGN), Silver Standard Resources (Nasdaq: SSRI), Silver Wheaton (NYSE: SLW), SPDR Gold Trust (NYSEArca: GLD), Market Vectors Gold Miners ETF (NYSEArca: GDX), iShares Silver Trust (NYSEArca: SLV), ProShares Ultra Silver (NYSEArca: AGQ), ProShares Ultra Short Silver (NYSEArca: ZSL), Great Panther Silver (AMEX: GPL), Silvercorp Metals (NYSE: SVM), Paramount Gold and Silver (AMEX: PZG), Pan American Silver (Nasdaq: PAAS) and First Majestic Silver (NYSE: AG).