by Chen Lin
The Gold Report
After five years of a brutal bear market, gold and gold miners are finally having a huge rebound, and investor Chen Lin, writer of the popular newsletter What is Chen Buying? What is Chen Selling?, sees the parallels to 2009. He highlights nearly a dozen mining companies that have weathered the downturn and are in position to ride the wave higher.
Gold and gold miners are finally having a huge rebound after five years of a brutal bear market, and we are having a spectacular year so far. Recently gold and silver are shaking off the potential summer weakness. We have been seeing very weak physical demand from China and India in the past few months due to high prices: Chinese demand was down 30–40% and India’s was down 70–80% in Q2 versus the same period last year. In the meantime we have some Federal Reserve officials signaling that more interest rate hikes are coming up.