CIMB urges investors to start plotting their return to gold saying It would be brave to say we are at the bottom but it's not a stretch to look at where...

CIMB urges investors to start plotting their return to gold saying It would be brave to say we are at the bottom but it's not a stretch to look at where valuations are now and say that some of these things are pretty cheap. Most people are either underweight or naked this sector, so to open a position at this point in time is not a massive risk. He points out that the All Ords Gold Index is around historic lows when compared to the gold price in Australian dollars, despite a 16 per cent surge in the index over the past month. Mr Coates said his conversations with investors suggest they are happy to miss the first 20 per cent to 30 per cent rebound in the sector but he notes that on that criterion alone the re-entry point may be approaching fast. AFR subscribers read more: (VIEW LINK)


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