Gold-Stock Seasonal Buy

June 26, 2023

by Adam Hamilton Zeal LLC

The gold miners’ stocks have fallen deeply out of favor a few weeks into their usual summer doldrums. Even contrarian traders have mostly lost interest in this high-potential sector. Their apathy is causing gold-stock prices to languish, creating the best seasonal buying opportunity of the year. Buying low before later selling high requires deploying capital when few are willing, when sectors are unpopular.

With gold stocks really unloved these days, they are mostly forgotten. The hottest most-favored stocks are the artificial-intelligence market darlings, led by mighty high-performance-chip manufacturer NVIDIA. I’ve been a big fan of its awesome graphics cards for decades, which have revolutionized gaming. My kids and I enjoy some of our spare time gaming together on several computers powered by great NVIDIA GPUs.