Gryphon FPO [ASX:GRY] is the gold mining exposure Aussie momentum investors have liked to have in recent weeks.
St Barbara Ltd [ASX:SBM] share price picked up another 2.35% in today’s trading. Year-to-date, SBM shares have picked up more than 50% in gains, vastly outperforming some of the other stocks in the Aussie stock universe.
Newcrest Mining Limited [ASX:NCM] ended higher for the week after good news dominated the market for the last two days.
There isn’t a central bank in the world that wants to go back to a gold standard. But that’s not the point. The point is whether they will have to.
Value of contracts traded constant...amount of gold backing those contracts — down 43% in five years. Where’s all the gold going?
Gold has thrived on the ‘wait and see’ approach by central bankers this year. Obviously, economic uncertainty has grown.
At times, gold behaves like a commodity. It tracks the ups and downs of commodity indices. At other times, gold is viewed as a safe haven investment.
Reviewing the G-20 meeting, gold could surge on the ‘uncertainty trade’ this week. But, it may not last.
Gold has one ‘special’ property, and that is its status as a ‘safe-haven’ asset. People view gold as a place to run when crises break out.
The US dollar gold price has collapsed for five years straight. So, I wouldn’t back up the truck and buy gold stocks right now.