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

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.