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News Link • Gold and Silver

Gold Sector Analysis: Further Gold Benefits from Sinking Stock Market


The third and fourth weeks in October have often proven to be the most difficult of all for stocks ... so time will tell. In the meantime, gold bugs have enjoyed a shiny October. This Week's Monetary and Industrial Trend This week's market action was all about stocks – as in a stock-market reversal. According to an AP Post, "US stocks rise sharply, capping off a roller-coaster week," – the Dow had its second-best day of 2014. The article summarized it thusly: The stock market had another turbulent session Friday, capping off one of the more eventful weeks on Wall Street in years. The Dow Jones industrial average soared more than 250 points following strong earnings from Morgan Stanley, General Electric and Textron as well as some encouraging U.S. economic reports. It was the latest big move for a market which, with a few exceptions, has been on a mostly downward track.

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