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5 Top Gold News Stories of 2015
Overall, the Investing News Network’s top gold news stories of 2015 show that investors remain optimistic about the gold market.
2015 wasn’t the best year for the gold price, but that didn’t stop investors from keenly consuming gold news stories.
With that in mind, the Investing News Network (INN) has put together a list of the five top gold news stories of the year. All in all, these key stories show that investors remain interested in gold, and are on the hunt for promising stocks to buy. Read on to see what gold articles got investors’ attention in 2015.
INN’s top gold news story of 2015 covers a report on Morgan Stanley’s (NYSE:MS) Q2 price expectations for a variety of metals. Unfortunately for investors, the firm expressed little optimism about the resource space, predicting a 2015 gold price of $1,185 per ounce and a yearly silver price of $17.30 per ounce.
Despite bleak prospects for the gold price, investors were nevertheless eager for stock picks in 2015. This article gives an overview of six companies recommended by Louis James of Casey Research at January’s Vancouver Resource Investment Conference. His favorites at the time included Integra Gold (TSXV:ICG), Kaminak Gold (TSXV:KAM) and Dalradian Resources (TSX:DNA,LSE:DALR).
Coming in third is INN’s 2015 outlook for gold. While it shows that heading into 2015, analysts were anticipating a break from market turmoil, ultimately that’s not exactly what happened. Check out INN’s 2016 gold outlook to learn what went wrong for gold in 2015, and to see what market watchers believe is in store in the new year.
Brent Cook’s junior mining stock picks, listed at the Canadian Investor Conference this past June, were also a hit with readers. Like James, Cook believes that opportunities remain for investors even in today’s difficult markets — his favorite stocks at the time included Almaden Minerals (TSX:AMM), Sabina Gold and Silver (TSX:SBB) and Pretium Resources (TSX:PVG,NYSE:PVG).
Finally, Rick Rule, founder of Sprott Global Resource Investments, made a splash in a video interview with INN at PDAC. At the show, he showed continued optimism about the mining space, and offered an interesting perspective on the struggling gold price.
“I suspect the strength in the US dollar really has to do with the weakness in all other currencies. The idea that the US economy itself is really strong appears to me, as an American, to be a misnomer,” he said, also noting, “I also believe that gold doesn’t need to win the war against the US dollar, it just needs to lose it a little less badly.”
View the video here:
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Gold Outlook 2015: Analysts Anticipate a Break from Turmoil
Gold Trends 2015: CEOs Recap the Year
Gold Outlook 2016: Analysts Calling for Sub-$1,000 Gold
Gold Forecast 2016: CEOs Cautiously Optimistic