Enjoying watching gold's recovery as it hit a 16-week high overnight on Portuguese banking concerns and an equities slump
Gavin Wendt
MineLife
Enjoying watching gold's recovery as it hit a 16-week high overnight on Portuguese banking concerns and an equities slump. In Portugal, Banco Espirito Santo SA bonds plunged to record levels after a parent company delayed debt payments on short-term notes, fueling concern that the euro region remains vulnerable to financial shocks. Meanwhile the Standard & Poor's 500 Index of U.S. shares fell by as much as 1%. Gold's resilience is demonstrated by the fact that it has climbed 11% so far this year, outpacing gains for indexes of commodities, equities and treasuries.
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Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).
Gavin Wendt
Founding Director
MineLife
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).
Expertise
Gavin Wendt
Founding Director
MineLife
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).
Expertise
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