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Commodities Briefing - Categorized | Bullion/Gold, Metals and Minerals more

Precious-metals upswing is a chance to get out: Wells Fargo

Posted on 23 January 2014

There’s an upswing of interest — and price gains — in gold and precious-metals miners lately. To Wells Fargo Advisors, it’s a good opportunity to get out. Here’s what Wells’ Sameer Samana says on the subject in a note released Wednesday:
In our opinion, precious metals are now in a downtrend and the path of lease resistance is lower. Bounces in downtrends tend to be small in size and quick in duration. Thus, we believe the recent reprieve in gold and precious metals prices should be taken advantage of to eliminate exposure. Investors concerned about higher inflation and weakness in the dollar should consider this an opportunity to rotate towards a more broadly diversified basket of commodities………………………………………..Full Article: Source


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