There May Be Gold In These Mines

Most gold stocks have retreated from their highs after a sharp runup earlier in the year. "Gold will have to break out decisively above the pivotal price of $410 an oz. for the precious-metal stocks to challenge their recent highs," says investment adviser Charles LaLoggia. But he's a bull on gold stocks, nonetheless, because he believes the "weakness of the bond markets worldwide is giving the financial markets the message that inflation will be the big problem ahead."

To continue reading this article you must be a Bloomberg Professional Service Subscriber.