The spot gold price crashed on Monday. This had a huge impact on several Aussie gold miners. But not all gold miners have been affected equally.
After six years of saying nothing about how much gold it owns, China told the world. But it wasn’t the news everyone expected.
Since February the US dollar gold price has not changed. And neither have many of the gold mining companies’ share prices.
Investors have long understood that gold is an excellent hedge against inflation. The analysis is straightforward.
Here’s the problem: If you took the lid off gold, ended the gold price manipulation and let gold find its level, China would be left in the dust...
Maybe gold will resume its bear market, no one knows for sure. But if you’re a contrarian and want to get into a sector BEFORE it becomes popular you have to take a risk.
The gold price is currently hovering around US$1,260 per ounce for a reason. Punters are waiting for Greece’s debt situation to become clearer...