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TSX Venture Exchange and Gold

The Venture once again led the broader indices higher this past week, climbing 3% (22 points) to close at 752.  The TSX gained 1.4%, the NASDAQ rose 1.9% while the Dow added 1.1%.  The Dow is now within 165 points of its all-time record closing high (May 2015) while the S&P 500 on Friday finished just 1 point below its record closing high of 2131.

Accommodative central bank policies are driving investors into stocks and Gold, and of course the yellow metal also has many other factors in its favor at the moment as well.  The surge in Gold has created an even greater percentage move in Silver, the “poor man’s” Gold, which jumped 3% or 61 cents Friday to finish the week at $20.25.

Thursday was a great day for bargain hunting on the Venture when it suffered its worst single-day loss (10 points) since May 27.  Any pullbacks do need to be embraced because this is a market in the midst of one of its greatest bull runs ever.

Learn how you can profit from the Venture’s relentless “upsloping channel” in today’s Week In Review And A Look Ahead, plus one stock under 20 cents that we like a lot going into Monday after some game-changing news just a few days ago.

Click here for a free BMR eAlert on 3 top picks for the rest of July…

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