from King World News
Today James Turk told King World News that the gold sector is massively under-owned and investors should expect to see big upside.
May 26 (King World News) – James Turk: “One of the old stand-by adages about Wall Street, Eric, is to “sell in May and go away.” This advice has often worked in the past because things slow down during the summer months with people focusing on their holiday rather than markets.
Gold Sector Massively Under-Owned
While that adage might work again this year for the Dow Jones and other indices at or near record highs, the one thing you do not want to sell this May is the shares of mining companies. In fact, the only people left in the gold, silver and mining share markets are the long time bulls, and so many of them have become exhausted or even pessimistic because of the price action in terms of the long consolidation.