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Something to Keep in Mind During the Dow Rally

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  • Description

    FBN's Sandra Smith on stocks not participating in the market rally.

  • Duration 1:51
  • Date

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Another part of the market today gold stocks China demand the idea come back to after hitting actually a three and if -- alone and Cindy Smith has more in today's trade and -- say they didn't take -- gold prices have been going right up along with yet -- market today but I wanna show on Saturday chart to let you know.

That's not so much the case as we speak right now gold coming -- off its highs of the session now only up.

About two dollars and twenty cents per Troy -- this is just a small fraction of a percent gain.

But green nonetheless if I bring up the one week chart you'll see that it's been pretty much down arrows across the board over the past several trading sessions.

Even a positive day would be breaking.

A long time losing -- for -- that being said on a day -- the market hitting all time highs.

-- might want to look at some stocks that have not been participating in that rally.

Gold stocks in large part down so far this year and a lot of them turning higher during this rally today when -- put that point out ringgold -- -- -- This stock down 17%.

So far this year but treating -- -- she PE of just about sixteen so this could be considered somewhat of a cheap gold -- to look at.

If you weren't -- think -- gold prices would convince continue higher at the Fed was gonna continue with its easy money policy as Janet -- on just said.

She expects the Fed to continue so that being said guys look at some of these other stocks gold -- down 12% this year.

Barrick Gold down 17%.

These are -- -- not participate participated in the rally something to keep in mind if you're looking to pick up some stocks.

On this big -- winning day for the market and by the way guys going back to those gold prices.

Merrick Bank of America Merrill Lynch just came out with a note today which might be working against gold.

Data and -- they said they basically don't expect gold to top 2000 announced until 2.4 teenagers lowered their thirteen and fourteen.

Gold forecast so that could be working in the other direction as well right now an accident.

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