By Peter Schiff, Gold Seek:
So far, 2014 has been a paradoxical year for gold. Many investors aren’t even aware that it has rallied almost 8%. On the rare occasion that the financial media mentions the yellow metal, it is only in the context of comparing the recent rise to last year’s decline.
In spite of this overwhelming negative sentiment, gold is experiencing a stealth rally as one of the best performing assets of the year. Let’s look at some important metrics of the most under-valued sector in this market.
Speculations Reversed — So many investors want to believe that last year was the death knell for the yellow metal that they’ve stop paying attention to the technical metrics responsible for driving the price down. These metrics have already started to reverse.
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