Gold miners in trouble – Hambro/Raw
A fairly downbeat presentation on gold mining stocks from Blackrock executives at Mines & Money London.
Posted: Tuesday , 02 Dec 2014
LONDON (MINEWEB) -
A gloomy morning in London was not uplifted for gold mining stock investors by a decidedly downbeat update on the sector from Blackrock’s Evy Hambro and Catherine Raw. They were speaking to a packed hall on the first main day of this year’s Mines & Money event.
Perhaps the only positive comment on the sector from those running what is probably the world’s biggest gold mining investment fund, Blackrock Gold & General, was that after many years of underperforming the gold price, the stock index beta is now once again following gold more closely – perhaps small comfort to those who have seen gold stock investment decimated over the past two to three years, with the gold price itself at the lowest level for around five years..
Quelle: bullionstreet.com
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