Two Companies Poised to Catch Up to Gold Peer Group

by Brien Lundin
The Gold Report

After a mad dash to the upside for gold and a similar dash to the downside for the U.S. dollar, investors are getting their bearings once again. April’s disappointing jobs report refocused everyone on the potential economic slowdown and a still-dovish Fed. Brien Lundin of Gold Newsletter paints the big picture of how speculation over the Fed’s actions to raise interest rates is affecting gold and gold equities, and he discusses two companies that have not appreciated as much as their peers but are likely to soon catch up.

Gold and gold stocks have maintained their gains since early May. And it’s largely due to a significant downside miss in the nonfarm payrolls report for April: Against consensus expectations of 205,000 jobs created in the month, April’s number came in at just 160,000 jobs. It wasn’t quite as bad as the headline number may indicate: Average hourly earnings rose by 8 cents (0.3%), while the average work week added 0.1 hour.

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