Normally, gold investments represent risky and speculative ventures because their operations tend to focus almost exclusively on demand for precious metals. Obviously, without both industrial and retail demand, little point would exist in extracting useless commodities. Therefore, the surge in valuations for companies like Eldorado Gold (EGO) represents a point of interest. Indeed, EGO stock may signify a coming pivot in the global economy.
Conspicuously, while Eldorado shares enjoyed a solid performance on Tuesday – gaining nearly 2% of equity value – the benchmark indices printed red ink, as Barchart contributor Rich Asplund pointed out. Specifically, Asplund mentioned the following negative catalysts:
