Gold price jumps to highest since mid-February after speculators in futures slash bearish positions and weak US jobs report put interest rate rise on hold.
Despite their recent underperformance, David H. Smith, Senior Analyst with The Morgan Report, remains bullish on precious metals, especially silver and palladium, as the "love trade" heats up and the global economy adds more debt to the system.
It has been a tough year for investors in silver mining stocks, with the precious metal seeing its price plunging by over 14% and stubbornly remaining under US$20 per ounce.