The stock market has performed badly to start off 2014, but surprisingly, gold has jumped after a terrible 2013. Is 2014 the year to buy gold, or will prices simply fall further after a brief rise?
In the following video, Dan Caplinger, The Motley Fool's director of investment planning, looks at the gold market and its prospects for 2014. Dan notes that last year, gold and silver prices plunged, sending SPDR Gold Shares (NYSEMKT: GLD ) and iShares Silver Trust(NYSEMKT: SLV ) to big losses.
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In September 2011 the Gold Bugs index, the HUI stood at 630 as gold prices peaked, since then both have trended lower with the HUI losing about 65% of its value. The bottom has been called a number of times and after such a dramatic decline its difficult not to think that we are there now. However, as we all know the timing of any investment is crucial to its success and that is exactly what we are trying to do here, trying to pick advantageous entry and exit points. If you would like to know which stocks we are buying and selling please join us at ‘Stock Trader’ our premium investment service.
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