Purves: Gold Miners are the Way to Play Gold Rally, SPX Target 7.1K
Schwab Network · Schwab Network
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Show Notes
Michael Purves’ end of year SPX target is 7,100, citing strong earnings, the Fed easing rates, and stimulus from the tax bill. He focuses on mining stocks, which he believes is the best way to trade the gold rally; gold miners have been in a “bear market” for over 10 years, but he explains why that gives traders opportunities. However, he does warn of volatility in the area.
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