Seeking Alpha

Perseus Mining

With the recent run-up in the spot price of gold from the $1050 lows on December 17, 2015 to well over $1,260 today, the gold rush is back! With concerns over the slowdown in global economic growth increasing, even Deutsche Bank has come out and recently declared that it’s time to buy gold. In addition, I think it’s safe to say that the majority of gold mining stocks have also experienced a resuscitation as of late. These days, I know that gold must be entering near-overbought territory, given my cellphone keeps getting pinged throughout the day with friends and relatives asking for mining stock suggestions, which is something that seldom happened last year.

It’s been a pretty wild ride these past couple of weeks, no doubt. As the saying goes, in the early stages of a continue reading at Seeking Alpha


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