Back in the late 1990s, gold stocks had been pummelled. The industry had been hit on all fronts, there was a massive stock scam when Bre-x went up to the moon and then crashed horribly when it was found out that they were salting their results. To top it off, the USD had been on a relentless charge, and the price of gold was under pressure.
Fast forward to today, although we didn’t see another scam that wiped out billions of shareholder’s money, we have seen the USD on a remarkable tear since the summer of 2014 that also put a lot of pressure on the price of gold.
In the show today, I talked about these issues and a couple gold stocks well positioned for growth.