Rocks and Stocks: Going for Gold
Gold is back in vogue. The yellow metal rallied after the US Fed left rates on hold with dovish tones on interest rates supporting a move into safe haven assets last week. Gold is a natural hedge against economic uncertainty and inflation and with the US Central Bank tone about weakness in the world economy and global risks, it comes as no surprise that investors have been flocking to gold equities. The sector has performed well during September, and we argue there is still value upside in the larger producers which trade on cheap PE's. We also note that after a strong run in the top end of the sector, attention is now turning to some of the mid-cap and smaller plays. Read the latest 'Rocks & Stocks' on the Morgans Blog: (VIEW LINK)
Senior Analyst for Morgans, covering precious metals, bulks and base metals. I am a geologist with 20 years experience. I spent my early career in regional exploration in Western Australia before moving on to exploration and mining feasibility...
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