Jim Rogers, Co-Founder of the Quantum Fund: Gold mining stocks face 2 major headwinds - the price of gold and the presence of heavy competition in the...
Jim Rogers, Co-Founder of the Quantum Fund: Gold mining stocks face 2 major headwinds - the price of gold and the presence of heavy competition in the industry. Although the price of gold is now below the cost of production for many mines, it will be years before this tightens supply and pushes up prices as mines are expensive to close and expensive to re-open. Supply will eventually tighten in 2014-2015 when gold makes a nice bottom. The commodities super-cycle isn't over as there are no major sources of new supply and most bull markets have lasted for decades. (VIEW LINK)
3 topics
most popular
Equities
The quirky trend to add to your recession ready portfolio
Sara Allen,
Livewire Markets
Equities
Signs of the bottom
Ally Selby,
Livewire Markets
Equities
Is another CSL hiding on the ASX?
Sara Allen,
Livewire Markets