Lates News

According to the analysis of 22V Research, the recent rebound in gold is a good sign for mining stocks, as mining stocks are leveraged bets on the fate of metals. After moving in the opposite direction of stocks for decades, the positive correlation between gold and stocks has strengthened due to concerns about the weakening US dollar and central banks' insatiable demand for precious metals. Jacobson, head of derivatives strategy at 22V, believes now is the "best time" to bet on further recovery through derivatives of gold ETFs, writing in a report on November 10 that one should "consider adding bullish option structures to bet on price recovery." Tim Hayes, chief global strategist at Ned Davis Research, wrote in a report on Tuesday, "With the end of the selloff, gold is now in a favorable position to continue rising towards new all-time highs."