Is Now A Good Time To Stock Up On Anaconda Mining? With Anaconda Mining shares losing almost 36% of its peak value over the last month as its down from 78 cents a share to 50 cents a share, is now a good time to stock up on Anaconda Mining shares or should I just wait?
With the fundamentals now working in Gold's favour, including a COVID-19 "second wave" hitting Eurasia and the Americas, uncertainty over the American Presidential Elections, low interest rates which will remain until 2023, major staglfation threats as the economy is in a "Technical Depression" but prices are still going out of control, more countries like Canada and Germany incurring massive deficits, and large public debt, we would expect Gold Prices to go higher, not down.
With Gold Futures going against the fundamentals lately, is now the time to stock up on great Gold stocks like Anaconda Mining which could go below 50 cents a share and hopefully get a great Christmas Present of a large return, or should I wait?