by Peter Cooper, Arabian Money:
Casey Research is making the same case it has made numerous times over the past few years, and always been wrong: namely that now is the moment for contrarian investors to pile into gold mining stocks. Anybody who has taken this advice has lost a lot of money. ArabianMoney at least had the decency to close its paid-for investment newsletter this year and give up on offering this advice. We’ve gone back to being purely a journalistic channel, admittedly with its own bias like any other media outlet.
Wrong for too long?
The problem for Casey is that yes their case gets better and better, the lower and lower gold prices and gold stocks go. But that only further serves to prove them wrong, at least for the moment. So what do they say?
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