You’d be crazy to buy gold stocks now

By Sean Brodrick
Stockhouse

Sean Brodrick

Sean Brodrick

Gold just dropped to a five-week low. The miners are getting flattened. You’d have to be crazy to buy gold miners now, right?

Crazy like a fox, maybe.

Investing in miners would be easier if we knew that gold’s bear run was coming to an end. And I’m optimistic about that. Sure, gold’s getting beaten like a rented mule. But that’s due to short-term selling. It’s mainly fueled by big funds selling gold, which they tend to do at the wrong time.

Regardless, good mining stocks can be found with gold at its current price, and even a little lower.

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